https://www.taxtmi.com/caselaws?id=8669 Unabsorbed depreciation carried forward from earlier years, treated as part of the current year's depreciation under proviso (b) to section 10(2)(vi), could be set off against income under other heads and was not confined to business income alone. The statutory scheme under section 10(2) focused on deduction from business profits and gains, but the governing approach was computation of total income. Applying the cited precedent, the remaining unabsorbed depreciation was available for adjustment against interest on securities and capital gains, and such set-off was allowable. en-us Thu, 19 Oct 1972 00:00:00 +0530 Wed, 20 May 2009 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8669 Unabsorbed depreciation carried forward from earlier years, treated as part of the current year's depreciation under proviso (b) to section 10(2)(vi), could be set off against income under other heads and was not confined to business income alone. The statutory scheme under section 10(2) focused on deduction from business profits and gains, but the governing approach was computation of total income. Applying the cited precedent, the remaining unabsorbed depreciation was available for adjustment against interest on securities and capital gains, and such set-off was allowable. Case-Laws Income Tax Thu, 19 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8669