https://www.taxtmi.com/caselaws?id=64317 The Tribunal held that unabsorbed depreciation and business loss should be determined as per the regular provisions of the Income Tax Act, regardless of the income computed under Section 115J(1). The CIT(A)'s decision was overturned, and the case was remanded to the Assessing Officer to recalculate the claim of unabsorbed losses accordingly. The Revenue's appeal was allowed for statistical purposes. en-us Wed, 31 Jul 2002 00:00:00 +0530 Mon, 07 Feb 2011 11:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64317 The Tribunal held that unabsorbed depreciation and business loss should be determined as per the regular provisions of the Income Tax Act, regardless of the income computed under Section 115J(1). The CIT(A)'s decision was overturned, and the case was remanded to the Assessing Officer to recalculate the claim of unabsorbed losses accordingly. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 31 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64317