https://www.taxtmi.com/caselaws?id=9299 The court ruled in favor of the assessee, allowing the set off of unabsorbed depreciation from the old business against the profits of the new business. The court held that unabsorbed depreciation could be carried forward without the same business or assets being present in the succeeding year. The decision was supported by legal provisions and previous judicial precedents, with costs awarded to the assessee. en-us Wed, 25 Apr 1973 00:00:00 +0530 Sun, 21 Jun 2009 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9299 The court ruled in favor of the assessee, allowing the set off of unabsorbed depreciation from the old business against the profits of the new business. The court held that unabsorbed depreciation could be carried forward without the same business or assets being present in the succeeding year. The decision was supported by legal provisions and previous judicial precedents, with costs awarded to the assessee. Case-Laws Income Tax Wed, 25 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9299