https://www.taxtmi.com/caselaws?id=62059 The Appellate Tribunal allowed the assessee's appeal regarding the allowance of carry forward losses and unabsorbed depreciation against current year's profits. It was determined that the various business activities conducted by the assessee constituted one integrated business, except for the saw mill, which was considered a separate business. The Tribunal emphasized the importance of proving the unity of business activities based on control, management, and financial interdependence. Ultimately, the Tribunal upheld the assessee's position, allowing the carry forward and set off of losses and depreciation while denying the claim for unabsorbed development rebate. en-us Wed, 16 Jul 1975 00:00:00 +0530 Mon, 17 Jan 2011 18:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62059 The Appellate Tribunal allowed the assessee's appeal regarding the allowance of carry forward losses and unabsorbed depreciation against current year's profits. It was determined that the various business activities conducted by the assessee constituted one integrated business, except for the saw mill, which was considered a separate business. The Tribunal emphasized the importance of proving the unity of business activities based on control, management, and financial interdependence. Ultimately, the Tribunal upheld the assessee's position, allowing the carry forward and set off of losses and depreciation while denying the claim for unabsorbed development rebate. Case-Laws Income Tax Wed, 16 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62059