https://www.taxtmi.com/caselaws?id=58292 The Tribunal directed the Income-tax Officer to allow business loss and unabsorbed depreciation of earlier years in accordance with sec. 72, subject to the limitation of not carrying forward beyond 8 years. The Tribunal allowed the appeals partly, following the direction to apply the provisions for set off and carry forward of losses even in cases involving non-residents. en-us Tue, 28 Feb 1989 00:00:00 +0530 Sat, 18 Dec 2010 13:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58292 The Tribunal directed the Income-tax Officer to allow business loss and unabsorbed depreciation of earlier years in accordance with sec. 72, subject to the limitation of not carrying forward beyond 8 years. The Tribunal allowed the appeals partly, following the direction to apply the provisions for set off and carry forward of losses even in cases involving non-residents. Case-Laws Income Tax Tue, 28 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58292