https://www.taxtmi.com/caselaws?id=242715 Interest, miscellaneous income and liabilities no longer required were not accepted as business income for set-off of brought forward business loss and unabsorbed depreciation, particularly where the claim had not been specifically urged before the first appellate authority. The Tribunal found no infirmity in the appellate finding on the basis advanced. The claimed benefit of section 115JB as a sick industrial company was also unavailable because the statutory proviso depended on acceptance of sick status by the competent authority, and the record showed that the claim had been rejected by the BIFR and was not finally accepted in the assessee's favour. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242715 Interest, miscellaneous income and liabilities no longer required were not accepted as business income for set-off of brought forward business loss and unabsorbed depreciation, particularly where the claim had not been specifically urged before the first appellate authority. The Tribunal found no infirmity in the appellate finding on the basis advanced. The claimed benefit of section 115JB as a sick industrial company was also unavailable because the statutory proviso depended on acceptance of sick status by the competent authority, and the record showed that the claim had been rejected by the BIFR and was not finally accepted in the assessee's favour. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242715