Unabsorbed depreciation from 1997-98 to 2001-02 cannot be set off now under Income Tax Act Section 32(2).

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....Setting off of depreciation u/s 32(2) - unabsorbed depreciation for the block of Assessment year 1997-98 to 2001-02 which could not have been set off earlier, cannot be allowed to be set off now. - AT....