https://www.taxtmi.com/caselaws?id=180849 The Tribunal ruled in favor of the assessee, allowing the set-off of unabsorbed depreciation against income from other sources. The decision was based on the interpretation that the deduction under Section 10B should be computed without setting off brought forward business losses and unabsorbed depreciation, in line with relevant case laws and provisions of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal and the assessee's Cross Objection. en-us Mon, 20 Sep 2010 00:00:00 +0530 Sat, 02 Apr 2016 16:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180849 The Tribunal ruled in favor of the assessee, allowing the set-off of unabsorbed depreciation against income from other sources. The decision was based on the interpretation that the deduction under Section 10B should be computed without setting off brought forward business losses and unabsorbed depreciation, in line with relevant case laws and provisions of the Income-tax Act, 1961. The Tribunal dismissed the revenue's appeal and the assessee's Cross Objection. Case-Laws Income Tax Mon, 20 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180849