Allowing the appeal of the assessee the Tribunal held that ; unabsorbed depreciation and brought forward business loss can be set off against income from other sources . ( AY.2010-11)
Nanak Ram Jaisinghani v. ITO (2018) 170 ITD 570 (Delhi) (Trib.)
S. 71 : Set off of loss – One head against income from another -Unabsorbed depreciation and brought forward business loss can be set off against income from other sources [ S.72 ]