Supreme Court · 1991 INSC 81 · Decided 22 March 1991
Garden Silk Weaving Factory, Surat v. Commissioner of Income Tax, Gujarat, Ahmedabad
- Court
- Supreme Court of India
- Citation
- 1991 INSC 81 · [1991] 1 S.C.R. 909
- Case number
- CIVIL APPEAL No. 1249/1975
- Decided
- 22 March 1991
- Bench
- S. RANGANATHAN, K. RAMASWAMY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32(2), 72(2), 35, 10(2)(vib)
Headnote
SILK WEAVING FACTORY, SURAT A >.( V. COMMISSIONER OF INCOME TAX, GUJARAT, AHMEDABAD MARCH 22, 1991 B . [S. RANGANATHAN AND K. RAMASWAMY, JJ] ~ .. Income Tax Act, 1961-Sections 32(2), 72(2)-"Depreciation"- - y· Meaning of-Unabsorbed loss and unabsorbed depreciation-Diffe- firm-Carry forward of-Alternatives indicated. Income Tax Act, 1961-Section 32(2)-Unabsorbed depreciation D allocated to partners of registered firm-Firm whether entitled to carry forward the depreciation and set off. Income Tax Act, 1961-Section 32(2)-Construction and object
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