https://www.taxtmi.com/caselaws?id=36196 The High Court ruled in favor of the assessee regarding the set off of unabsorbed depreciation, allowing it to be set off against any income in subsequent years. The issue of forfeited security deposits as trading receipts was not addressed as the assessee did not press for a decision on this matter. No order was made regarding costs. en-us Wed, 05 Mar 1980 00:00:00 +0530 Sat, 20 Mar 2010 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36196 The High Court ruled in favor of the assessee regarding the set off of unabsorbed depreciation, allowing it to be set off against any income in subsequent years. The issue of forfeited security deposits as trading receipts was not addressed as the assessee did not press for a decision on this matter. No order was made regarding costs. Case-Laws Income Tax Wed, 05 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36196