https://www.taxtmi.com/caselaws?id=797154 Brought-forward unabsorbed depreciation under Section 32(2) of the Income-tax Act assumes the character of current-year depreciation. It may therefore be adjusted against taxable income under other heads, including income from house property, and is not restricted to business profits where no positive business income arises in the relevant year. The set-off is available because the carried-forward depreciation is treated as current depreciation for the relevant year. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797154 Brought-forward unabsorbed depreciation under Section 32(2) of the Income-tax Act assumes the character of current-year depreciation. It may therefore be adjusted against taxable income under other heads, including income from house property, and is not restricted to business profits where no positive business income arises in the relevant year. The set-off is available because the carried-forward depreciation is treated as current depreciation for the relevant year. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797154