https://www.taxtmi.com/caselaws?id=64471 The Tribunal held that unabsorbed depreciation of earlier years cannot be set off against income from other sources when no business activity was conducted during the relevant year. The Tribunal set aside the CIT (Appeals)'s order and denied the set off of unabsorbed depreciation against the income assessed under the head 'Income from other sources.' en-us Thu, 21 Mar 1991 00:00:00 +0530 Tue, 08 Feb 2011 10:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64471 The Tribunal held that unabsorbed depreciation of earlier years cannot be set off against income from other sources when no business activity was conducted during the relevant year. The Tribunal set aside the CIT (Appeals)'s order and denied the set off of unabsorbed depreciation against the income assessed under the head 'Income from other sources.' Case-Laws Income Tax Thu, 21 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64471