https://www.taxtmi.com/caselaws?id=27989 The court held that the benefit of carry forward of unabsorbed depreciation is available to a registered firm for adjustment against the income of the succeeding year. The court distinguished unabsorbed depreciation from other losses, stating that it retains its identity and can be carried forward without a time limit. The court relied on relevant sections of the Income Tax Act and previous court decisions to support its conclusion. en-us Fri, 06 Apr 1984 00:00:00 +0530 Wed, 17 Feb 2010 12:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27989 The court held that the benefit of carry forward of unabsorbed depreciation is available to a registered firm for adjustment against the income of the succeeding year. The court distinguished unabsorbed depreciation from other losses, stating that it retains its identity and can be carried forward without a time limit. The court relied on relevant sections of the Income Tax Act and previous court decisions to support its conclusion. Case-Laws Income Tax Fri, 06 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27989