The Income Tax Appellate Tribunal (ITAT) in Mumbai held that unabsorbed depreciation pertaining to assessing year AY 1997-98 to AY 2001-02 can be carried forward and set off in the later years. The assessee company is engaged in the business of project engineering and manufacturing of TPE. The Assessing Officer(AO), during the course of assessment […]
The post Unabsorbed Depreciation pertaining to AY can be carried forward and set off in the Later Year: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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