Set off the unabsorbed depreciation of eligible business u/s. 80-IA(4) against income from other non-eligible business?

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...