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Set off the unabsorbed depreciation of eligible business u/s. 80-IA(4) against income from other non-eligible business?
Case Law Details
- Case Name
- Commissioner of Income-tax Vs Swarnagiri Wire Insulations (P.) Ltd. (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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HIGH COURT OF KARNATAKA
Commissioner of Income-tax
Versus
Swarnagiri Wire Insulations (P.) Ltd.
IT APPEAL No. 5050 of 2010
MAY 27, 2011
JUDGMENT
N. Kumar, J.
This appeal was admitted to consider the following substantial question of law:
“Whether the order of the Tribunal impugned in this appeal directing the assessing authority to set off the loss/unabsorbed depreciation of the eligible business under section 80-IA(4) against the income from other non-eligible business carried out by the assessee having regard to the facts and circumstances of the case is perverse an...
