https://www.taxtmi.com/highlights?id=51783 Unabsorbed business/depreciation loss - carried forward and set off - the legislature has resorted to original provisions by amendment brought in by Finance Act 2001, thereby resorting to old position, which allows set off of unabsorbed depreciation and restrictive period of 8 years for claiming set off has been deleted, thereby extending the benefit against profit and gains of subsequent years without any bar. en-us Fri, 14 Feb 2020 11:56:02 +0530 Fri, 14 Feb 2020 11:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51783 Unabsorbed business/depreciation loss - carried forward and set off - the legislature has resorted to original provisions by amendment brought in by Finance Act 2001, thereby resorting to old position, which allows set off of unabsorbed depreciation and restrictive period of 8 years for claiming set off has been deleted, thereby extending the benefit against profit and gains of subsequent years without any bar. Highlights Income Tax Fri, 14 Feb 2020 11:56:02 +0530 https://www.taxtmi.com/highlights?id=51783