Supreme Court Upholds DCIT's Recalculation of Tax Deductions in Section 154 Application, Affecting Unabsorbed Depreciation and Losses.

Supreme Court Upholds DCIT's Recalculation of Tax Deductions in Section 154 Application, Affecting Unabsorbed Depreciation and Losses. https://www.taxtmi.com/highlights?id=5632 Application u/s 154 moved by assessee to carry forward and set off unabsorbed depreciation and losse - DCIT recomputed and reduced the deduction u/s 80HHC - Action of DCIT is correct - SC en-us Fri, 28 Sep 2012 08:29:56 +0530 Fri, 28 Sep 2012 08:29:56 +0530 TaxTMI RSS Generator Supreme Court Upholds DCIT's Recalculation of Tax Deductions in Section 154 Application, Affecting Unabsorbed Depreciation and Losses. https://www.taxtmi.com/highlights?id=5632 Application u/s 154 moved by assessee to carry forward and set off unabsorbed depreciation and losse - DCIT recomputed and reduced the deduction u/s 80HHC - Action of DCIT is correct - SC Highlights Income Tax Fri, 28 Sep 2012 08:29:56 +0530 https://www.taxtmi.com/highlights?id=5632