https://www.taxtmi.com/caselaws?id=71433 The Tribunal held that unabsorbed depreciation can be carried forward for set-off despite a delayed return filing, distinct from business loss, citing the self-contained provision of section 32(2). The appeal was allowed, instructing the ITO to carry forward the unabsorbed depreciation for the subsequent assessment year, overturning the CIT(A)'s decision. en-us Tue, 06 Aug 1991 00:00:00 +0530 Sat, 23 Apr 2011 13:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71433 The Tribunal held that unabsorbed depreciation can be carried forward for set-off despite a delayed return filing, distinct from business loss, citing the self-contained provision of section 32(2). The appeal was allowed, instructing the ITO to carry forward the unabsorbed depreciation for the subsequent assessment year, overturning the CIT(A)'s decision. Case-Laws Income Tax Tue, 06 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71433