Absence of Unabsorbed Depreciation in Earlier Years doesn’t bar Set off of Unabsorbed Depreciation against Income from Other Sources: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that the absence of unabsorbed depreciation in earlier years does not bar set off of...
![Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Unabsorbed-depreciation-income-from-other-sources-ITAT-taxscan.jpg "Unabsorbed Depreciation can be set off against ‘Income from Other Sources’: ITAT [Read Order]")
![Restriction of 8 years for Carry Forward, set-off of Unabsorbed Depreciation had been dispensed with: ITAT allows Assessee to Carry Forward Depreciation Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Restriction-8-years-unabsorbed-depreciation-depreciation-ITAT-assesse-depreciation-loss-loss-Taxscan.jpg "Restriction of 8 years for Carry Forward, set-off of Unabsorbed Depreciation had been dispensed with: ITAT allows Assessee to Carry Forward Depreciation Loss [Read Order]")
![Unabsorbed Depreciation can be Carried Forward beyond 8 Years, reiterates Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpg "Unabsorbed Depreciation can be Carried Forward beyond 8 Years, reiterates Madras High Court [Read Judgment]")
![Unabsorbed Depreciation can be carried forward beyond 8 years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/08/Unabsorbed-depreciation-Madras-High-Court-Taxscan.jpeg "Unabsorbed Depreciation can be carried forward beyond 8 years: Madras High Court [Read Judgment]")
![ITAT grants reduction of Unabsorbed Depreciation to the tune of Rs.8.48 Cr to GoAir [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Mumbai-ITAT-Reduction-Unabsorbed-Reduction-Go-Airlines-Taxscan.jpg "ITAT grants reduction of Unabsorbed Depreciation to the tune of Rs.8.48 Cr to GoAir [Read Order]")
Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]
The Madras High Court unabsorbed depreciation is eligible for set off against income even after the lapse of eight years. The appellant, M/s. Harvey Heart Hospitals Ltd. is in the healthcare...
![Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Unabsorbed-depreciation-income-Madras-High-Court-Taxscan.jpeg "Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]")
![Unabsorbed Depreciation can’t be adjusted while claiming S. 10A Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Unabsorbed-Depreciation-Taxscan.jpg "Unabsorbed Depreciation can’t be adjusted while claiming S. 10A Benefit: ITAT [Read Order]")
Hospital isn’t an ‘Industrial Undertaking’ for the purpose of Carry Forward of Unabsorbed Depreciation in case of Amalgamation: ITAT [Read Order]
Recently, in the case of M/s. Healthcare Global Enterprises Ltd Vs. The Joint Commissioner of Income Tax, the Tribunal bench of Bangalore recently ruled that since the hospital is not an industrial...
![Hospital isn’t an ‘Industrial Undertaking’ for the purpose of Carry Forward of Unabsorbed Depreciation in case of Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Hospital.jpg "Hospital isn’t an ‘Industrial Undertaking’ for the purpose of Carry Forward of Unabsorbed Depreciation in case of Amalgamation: ITAT [Read Order]")
Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]
A division bench of the Delhi High Court, last week held that the benefit of carry forward and set off of unabsorbed depreciation can be extended to a period more than eight years even before the...
![Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Benefit of Carry Forward and Set Off of Unabsorbed Depreciation can be extended to a Period more than 8 Years: Delhi HC [Read Judgment]")
ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal recently rejected the plea for setting off of unabsorbed depreciation since Hospitals can’t be treated as an industrial undertaking for the purpose...
![ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hospital-Taxscan.jpg "ITAT Rejects Plea for Set Off of Unabsorbed Depreciation since Hospitals can’t be treated as an Industrial Undertaking [Read Order]")