Unabsorbed depreciation from 1997-98 can be carried forward beyond eight years under amended Section 32, Finance Act 2001.

Unabsorbed depreciation from 1997-98 can be carried forward beyond eight years under amended Section 32, Finance Act 2001. https://www.taxtmi.com/highlights?id=5003 Treatment for Unabsorbed depreciation pertaining to A.Y. 1997-98 - allowed to be carried forward and set off after a period of eight years OR governed by Section 32 as amended by Finance Act 2001 - HC en-us Tue, 28 Aug 2012 23:18:54 +0530 Tue, 28 Aug 2012 23:18:54 +0530 TaxTMI RSS Generator Unabsorbed depreciation from 1997-98 can be carried forward beyond eight years under amended Section 32, Finance Act 2001. https://www.taxtmi.com/highlights?id=5003 Treatment for Unabsorbed depreciation pertaining to A.Y. 1997-98 - allowed to be carried forward and set off after a period of eight years OR governed by Section 32 as amended by Finance Act 2001 - HC Highlights Income Tax Tue, 28 Aug 2012 23:18:54 +0530 https://www.taxtmi.com/highlights?id=5003