Supreme Court · 1986 INSC 48 · Decided 19 March 1986
Commissioner of Income Tax U.P, Lucknow v. J.K. Hosiery Factory, Kanpur
- Court
- Supreme Court of India
- Citation
- 1986 INSC 48 · [1986] 1 S.C.R. 907
- Case number
- CIVIL APPEAL No. 1371/1974
- Decided
- 19 March 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(vi)
Headnote
OF INCOME TAX U,P,, WCKNOW v. J,K, HOSIERY FACTORY, KANPUR MARCH 19, 1986 [R.S. PATHAK AND SABYASACHI MUKHARJI, JJ,] Right to carry forward the unabsorbed depreciation and to set off by a unregistered firm in one year to the next year when it was registered, whether permissible - Income Tax Agarwal as partners. The Singhania brothers retired in 1946 and in their place Kamala Town Truat was alleged to have become partner. During the assessment year 1949-SO the unregistered fil'll bad been allowed an unabsorbed depreciation of Rs. 43,963. The firm claimed a set off thereof in the
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