off of brought forward business loss and unabsorbed depreciation. There was no unabsorbed depreciation or business loss which remained to be set off ... claim of set-off of unabsorbed depreciation for assessment year 1990-91, as the same had already been set off while computing income
appeal before it is finally disposed off.
431 to 433/Chd/2017-
M/s Malwa Cotto;n Spinning Mills Ltd, Ludhiana
3
4. Ground ... appeal before it is finally disposed
off.
431 to 433/Chd/2017-
M/s Malwa Cotto;n Spinning Mills Ltd, Ludhiana
10
17. Ground
claim of allowing of setting off
of loss of Rs.2,74,47,311/- suffered by Anant Spinning
Mills (Unit No. III). His finding ... issue in additional ground
relating set off of loss amounting
toRs.2,74,47,311/- suffered by Anant Spinning
Mills (Unit No. III) and deductio
facts while
not allowing set off of loss of Rs. 2,74,47,311/- suffered
by Anani Spinning Mills (Nit III) a against business profits ... much as not
allowing setting off of loss amounting to Rs. 2,74,47,311/-
suffered by Anant Spinning Mills (Unit No. III) against
erred in law and on the facts while reducing profits of Arisht
Spinning Mills, Unit - 1 eligible for deduction u/s 80IB by following amounts ... proportion of
turnover of Head Office, Anand Spinning Mills Unit-II and Anant Spinning Mills Unit-
III for calculating exemption u/s 10B .
3. That
Acit,, Ludhiana vs M/S Vardhman Holdings Ltd.,, Ludhiana on 31 May, 2019
IN THE
erred in law and on the facts while reducing profits of Arisht
Spinning Mills, Unit - 1 eligible for deduction u/s 80IB by following amounts ... proportion of
turnover of Head Office, Anand Spinning Mills Unit-II and Anant Spinning Mills Unit-
III for calculating exemption u/s 10B .
3. That
unabsorbed loss and
unabsorbed depreciation cannot be allowed to be set off
and carry forward. The unabsorbed depreciation is to be
treated at par with ... Baroda Spinning & Weaving Mills Co. Ltd. Vs CIT
238 ITR 221 (Guj), in which it was held as under :
"Set off of unabsorbed
erred in law and on the facts while reducing profits of Arisht
Spinning Mills, Unit - 1 eligible for deduction u/s 80IB by following amounts ... proportion of
turnover of Head Office, Anand Spinning Mills Unit-II and Anant Spinning Mills Unit-
III for calculating exemption u/s 10B .
3. That
erred in law and on the facts while reducing profits of Arisht
Spinning Mills, Unit - 1 eligible for deduction u/s 80IB by following amounts ... proportion of
turnover of Head Office, Anand Spinning Mills Unit-II and Anant Spinning Mills Unit-
III for calculating exemption u/s 10B .
3. That
