2023 (9) TMI 1320

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....5719/2021 and CM APPL. 179 - -<br>Income Tax<br>HON&#39;BLE MR. JUSTICE RAJIV SHAKDHER AND HON&#39;BLE MR. JUSTICE GIRISH KATHPALIA Petitioner Through: Mr Kamal Sawhney, Mr Arun Bhadauria, Mr Nikhil Agarwal and Mr Nishank Vashistha, Advs. Respondent Through: Mr Sunil Agarwal, Sr Standing Counsel with Mr Shivansh B. Pandya, Jr Standing Counsel along with Mr Utkarsh Tiwari, Adv. RAJIV SHAKDHER,....

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.... 6. To make this point good, by way of illustration, our attention has been drawn to following assertions made in the counter-affidavit filed in writ petition WP(C) 5686/2021: "To the extent of not granting set-off of Brought Forward Unabsorbed Business Losses and Brought Forward unabsorbed Depreciation of prior AYs computed on net income basis against the income of impugned AYs assessable on n....