Case Name : CIT vs. Kalpaka enterprises (p.) Ltd.
Citation :  24 TAXMAN 167/ 157 ITR 658 (KER.)
Court : Kerala High Court
Section : 70 TO 79
Meaning : The word loss mentioned in section 79 does not include unabsorbed depreciation or unabsorbed development rebate. Accordingly, the bar imposed under the main part of section 79 is not attracted as far as carry forward and set-off of unabsorbed depreciation or unabsorbed development rebate is concerned.