https://www.taxtmi.com/caselaws?id=27418 The court ruled in favor of the assessee, allowing the carry forward and set off of unabsorbed depreciation and development rebate from previous assessment years against current business income. However, on the issue of interest expenditure, the court remanded the matter to the Tribunal for re-examination under the correct section of the Income-tax Act. en-us Mon, 23 Jul 1984 00:00:00 +0530 Fri, 12 Feb 2010 16:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27418 The court ruled in favor of the assessee, allowing the carry forward and set off of unabsorbed depreciation and development rebate from previous assessment years against current business income. However, on the issue of interest expenditure, the court remanded the matter to the Tribunal for re-examination under the correct section of the Income-tax Act. Case-Laws Income Tax Mon, 23 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27418