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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Set-Off of brought forward unabsorbed depreciation against ...

Case Laws     Income Tax

November 30, 2019

Set-Off of brought forward unabsorbed depreciation against income from other sources and/or capital gains - CIT(A) has rightly directed the AO to allow the set off of unabsorbed depreciation allowance carried forward from earlier years against ‘income from other sources’ after necessary verification.

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