Safe Harbour

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....y such assessee from an eligible business is in accordance with the circumstances as specified in sub-rule (2), unless such safe harbour is declared invalid under the provisions of sub-rule (3) of rule 10TIB. (2) The circumstances referred to in sub-rule (1) in respect of the eligible business mentioned in column (1) of the Table below shall be as specified in column (2) thereof, namely:-- TABLE....

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....have been calculated as if the eligible assessee had claimed and had been actually allowed the deduction in respect of the depreciation for such previous year; (c) no set off of unabsorbed depreciation under sub-section (2) of section 32 or carried forward loss under sub-section (1) of section 72 shall be allowed to such assessee; and (d) no set off of loss from other business under sub-sectio....