Carry forward the unabsorbed depreciation beyond eight years - ...

Taxpayers Can Claim Unabsorbed Depreciation Indefinitely; Eight-Year Limit Does Not Apply to Remaining Balance.

July 22, 2021

Case Laws Income Tax HC

Carry forward the unabsorbed depreciation beyond eight years - The interregnum restriction of limiting the claim for an eight-year period does not take away the right of an assessee to claim the balance of unabsorbed depreciation, forever. The balance of unabsorbed depreciation revives back into life and becomes eligible for carry forward and set off along with the other part unabsorbed depreciation available to the credit of the assessee - HC

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Carry forward the unabsorbed depreciation beyond eight years - ...

Taxpayers Can Claim Unabsorbed Depreciation Indefinitely; Eight-Year Limit Does Not Apply to Remaining Balance.

July 22, 2021

Case Laws Income Tax HC

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