Carry forward of unabsorbed depreciation – The provisions of ...
Income Tax Act: Sections 80 and 139(3) Cover Business Losses, Not Unabsorbed Depreciation; See Section 32(2) for Details.
August 17, 2012
Case Laws Income Tax AT
Carry forward of unabsorbed depreciation – The provisions of sections 80 and 139(3) of the Act are applicable to business losses and not to unabsorbed depreciation governed by section 32(2) of the Act. - AT
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