Unabsorbed Depreciation can be Carried Forward beyond 8 Years, reiterates Madras High Court [Read Judgment]
The Madras High Court reiterated that the Unabsorbed depreciation can be Carried Forward beyond 8 Years. The assessee, M/s.KMC Speciality Hospitals India Ltd. for the Assessment Year 2007-08, the return of income was filed admitting business loss and carried forward loss which included depreciation allowance. The case was selected for scrutiny and notice under Section […]
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