https://www.taxtmi.com/acts?id=49778 The amendment clarifies that the depreciation provision applies irrespective of whether the assessee claimed the deduction, and establishes that any unrelieved depreciation allowance due to absent or insufficient profits must be carried forward and added to the following year's depreciation allowance (or deemed to be that year's allowance) and so on for subsequent years, subject to the statutory set off conditions in related provisions. en-us Tue, 25 Feb 2025 11:44:25 +0530 Tue, 25 Feb 2025 11:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49778 The amendment clarifies that the depreciation provision applies irrespective of whether the assessee claimed the deduction, and establishes that any unrelieved depreciation allowance due to absent or insufficient profits must be carried forward and added to the following year's depreciation allowance (or deemed to be that year's allowance) and so on for subsequent years, subject to the statutory set off conditions in related provisions. Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 11:44:25 +0530 https://www.taxtmi.com/acts?id=49778