https://www.taxtmi.com/highlights?id=29002 Set off of Unabsorbed depreciation as on April 1, 1997 can be set off against the income from any head for the immediate assessment year following April 1, 1997 (assessment year 1998-99)and thereafter if there still is any unabsorbed depreciation the same can be set off only against the business income for a period of eight (08) assessment years - SC en-us Wed, 04 May 2016 09:15:00 +0530 Wed, 04 May 2016 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29002 Set off of Unabsorbed depreciation as on April 1, 1997 can be set off against the income from any head for the immediate assessment year following April 1, 1997 (assessment year 1998-99)and thereafter if there still is any unabsorbed depreciation the same can be set off only against the business income for a period of eight (08) assessment years - SC Highlights Income Tax Wed, 04 May 2016 09:15:00 +0530 https://www.taxtmi.com/highlights?id=29002