https://www.taxtmi.com/caselaws?id=6828 Unabsorbed depreciation under the Income-tax Act, 1922 was treated as governed by section 10(2)(vi) and not by section 24(2), so section 22(2A) did not control carry forward of depreciation losses. A voluntary return filed under section 22(3) before assessment was recognised as a valid return and could not be ignored merely because it showed income below the taxable limit or was filed within the permitted period after the assessment year. On both points, the assessee's position was accepted and the revenue's contrary view was rejected. en-us Mon, 16 Jan 1967 00:00:00 +0530 Mon, 02 Feb 2009 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6828 Unabsorbed depreciation under the Income-tax Act, 1922 was treated as governed by section 10(2)(vi) and not by section 24(2), so section 22(2A) did not control carry forward of depreciation losses. A voluntary return filed under section 22(3) before assessment was recognised as a valid return and could not be ignored merely because it showed income below the taxable limit or was filed within the permitted period after the assessment year. On both points, the assessee's position was accepted and the revenue's contrary view was rejected. Case-Laws Income Tax Mon, 16 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6828