I want to know that is it possible that unabsorbed dep. can be set off against casual income? My opinion that Sec. 72 states the provision of set off losses but sec. 32 states the provision of unabsorbed depreciation which can be set off any other inocme.
If it possible or not possible then give me the section, para, notes, case laws etc. for supporting your answer or your valueable advise.
CAclubindia
