Carry forward unabsorbed depreciation in respect of Bogus and ...
Unabsorbed depreciation for fake assets stays as previously assessed unless prior orders are corrected.
January 15, 2015
Case Laws Income Tax HC
Carry forward unabsorbed depreciation in respect of Bogus and Non-existent assets - unless the earlier orders of assessment are rectified, the unabsorbed depreciation will continue to stand at the figure determined in the respective assessment orders. - HC
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