2009 (3) TMI 16

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....in respect of which the applicants seek a direction is as follows :- "Whether, the facts and in the circumstances the Tribunal was right in law in allowing further deduction of Rs.18,06,380/- on account of unabsorbed depreciation, from the book profit, even though the Assessing officer has allowed the business loss of Rs.1,54,086/- which is the best of the two amount as per the provision of sec....