https://www.taxtmi.com/caselaws?id=14603 The High Court ruled in favor of the Revenue, affirming that 'loss' in section 205(1) of the Companies Act includes 'depreciation'. The Court emphasized that 'loss' typically encompasses 'depreciation' in the commercial and accounting context. This decision rendered the first question moot, as the interpretation of 'loss' in section 205(1) was deemed conclusive for the case outcome. en-us Fri, 11 Feb 2000 00:00:00 +0530 Fri, 17 Jul 2009 13:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14603 The High Court ruled in favor of the Revenue, affirming that 'loss' in section 205(1) of the Companies Act includes 'depreciation'. The Court emphasized that 'loss' typically encompasses 'depreciation' in the commercial and accounting context. This decision rendered the first question moot, as the interpretation of 'loss' in section 205(1) was deemed conclusive for the case outcome. Case-Laws Income Tax Fri, 11 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14603