Monday, December 28, 2020

Unabsorbed depreciation can be carried forward and set-off for infinite period irrespective of AY to which it relates

INCOME TAX: Unabsorbed depreciation for assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years, in view of amended section 32(2)

from www.taxmann.com Latest Case Laws https://ift.tt/3pmleYW
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...