https://www.taxtmi.com/caselaws?id=67169 The Tribunal allowed the assessee's appeal, directing the AO to accept the business loss claim of Rs. 7,35,100 excluding depreciation and to allow the carry forward of both the business loss and unabsorbed depreciation under Section 32(2) of the IT Act. The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on the carry forward of unabsorbed depreciation despite the late filing of the return. en-us Tue, 28 Sep 2004 00:00:00 +0530 Wed, 09 Mar 2011 13:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67169 The Tribunal allowed the assessee's appeal, directing the AO to accept the business loss claim of Rs. 7,35,100 excluding depreciation and to allow the carry forward of both the business loss and unabsorbed depreciation under Section 32(2) of the IT Act. The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on the carry forward of unabsorbed depreciation despite the late filing of the return. Case-Laws Income Tax Tue, 28 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67169