2009 (12) TMI 932

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....is involved in this case is as to whether the brought forward unabsorbed depreciation (since assessment year 1988-89 to 1994-95) can be set off with the long term capital gain in view of the amendment made to Section 32(2) of the Finance Act, 1997 w.e.f. 1997-98. The Tribunal has answered this issue in affirmative and for this purpose it relied upon its earlier decision in the case of Income Tax O....