01 January 2011
We have unabsorbed depreciation and business loss for A.Y. 2005-06 and the same return was submitted in due time. Now the same unabsorbed loss and depreciation was adjusted in A.Y. 2008-09 from business profits but the return was submitted belatedly. give opinion towards set off in AY. 2008-09 and balance eligible for carry forward with reference to belated return for AY 2008-09.