Taxpayers choosing Section 44BB(1) can't set off carried forward depreciation, but can claim u/s 44BB(3).

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....Set-off of carried forward depreciation is not eligible if assessee offer tax u/s 44BB(1) but same can be claimed Section 44BB (3). Subsection (1) with non-obstinate clause has overriding to provisions of Sections 28 to 41 of the Act which includes Section 32 also.....