https://www.taxtmi.com/acts?id=41195 The amendment provides that where an assessee computes profits under the deemed profits provision for mineral oil related services, no set off of unabsorbed depreciation and brought forward business losses shall be allowed for that previous year, notwithstanding provisions that would otherwise permit depreciation or loss set off. en-us Wed, 01 Feb 2023 15:34:35 +0530 Wed, 01 Feb 2023 15:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41195 The amendment provides that where an assessee computes profits under the deemed profits provision for mineral oil related services, no set off of unabsorbed depreciation and brought forward business losses shall be allowed for that previous year, notwithstanding provisions that would otherwise permit depreciation or loss set off. Act-Rules Bill Wed, 01 Feb 2023 15:34:35 +0530 https://www.taxtmi.com/acts?id=41195