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unabsorbed depreciation - Carry forward - When there is a change in constitution

Started by vyakul, August 23, 2008, 07:21:22 PM

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I understand that the unabsorbed depreciation could be carry forward in definite. It is not barred under section 79 (Section 79 bars only business losses). I was told  there is a SC case in this "Subhulaxmi mills" vs"CIT". Can someone provide the detailed judgement?