Set off of unabsorbed depreciation allowed irrespective of continuity of business in next year

DCIT Vs Regency Property Investment Pvt. Ltd. (ITAT Mumbai)

The issue under consideration is whether set off of the ‘unabsorbed depreciation’ can be allowed irrespective of continuity of the business in next year?

In the given case, the assessee had ‘set off’ its entire ‘Income from house property’ of Rs. 2,15,72,559 and ‘Income

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