Meaning of “Determination of the amount…. To be carried forward”

Case Name : Gujarat Petrosynthese Ltd. Vs. Dy. Cit 

Citation : [2001] 76 ITD  257 (ahd.-Trib.)

Court : ITAT-Ahmedabad

Section : 115J

Meaning : The expression ‘determination of the amounts in relation to previous year to be carried forward to the subsequent year or years under the provisions of sub-section (2) of section 32’ used in section 115j(2) clearly envisages the determination of carried forward unabsorbed depreciation worked out by the assessing officer in relation to assessment years under consideration and carrying forward of the said amounts to the subsequent year or years uninfluenced and unaffected by the operation of deeming fiction of sub-section (1).