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Unabsorbed depreciation in business acquired by way of inheritance

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(Querist)
11 February 2022 A son has received father's business by way of inheritance which has unabsorbed depreciation. Whether the son can set-off the unabsorbed depreciation against the income derived from the inherited business?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 February 2022 Yes, it can be set-off.

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