https://www.taxtmi.com/caselaws?id=259349 The Court dismissed the appeal, affirming the decision to allow the set off of brought forward depreciation loss against income determined under Section 68 of the Income Tax Act, 1961. The Court held that income deemed under Section 68 falls under the head 'income from other sources,' permitting the set off of unabsorbed depreciation. The decision aligned with the Supreme Court's interpretation, emphasizing that no substantial questions of law arose in the case. en-us Fri, 10 Apr 2015 00:00:00 +0530 Fri, 08 May 2015 08:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259349 The Court dismissed the appeal, affirming the decision to allow the set off of brought forward depreciation loss against income determined under Section 68 of the Income Tax Act, 1961. The Court held that income deemed under Section 68 falls under the head 'income from other sources,' permitting the set off of unabsorbed depreciation. The decision aligned with the Supreme Court's interpretation, emphasizing that no substantial questions of law arose in the case. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259349