Unabsorbed carried forward losses cannot be given preference over current depreciation

SUPREME COURT OF INDIA

COMMISSIONER OF INCOME TAX, KANPUR ETC.

Vs.

M/S. MOTHER INDIA

DATE OF JUDGMENT – 14/08/1985

BENCH: TULZAPURKAR, V.D. , MUKHARJI, SABYASACHI (J) , MISRA RANGNATH

CITATION: 1985 AIR 1720, 1985 SCR Supl. (2) 556, 1985 SCC

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