No Unabsorbed Depreciation Available for Book Profit Reduction in 2004-05 u/s 115JB of Income Tax Act.

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....Mat - book adjustment u/s 115JB - Since unabsorbed depreciation as per books is nil for assessment year 2004- 05, it will not be permissible to reduce any amount on account of unabsorbed depreciation or brought forward business loss from book profit - AT....