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Urgent query i.r.o. unabsorbed depreciation

This query is : Resolved 
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(Querist)
06 April 2012 Our Assessee company has carried forward dep of AY 1997-98

which it has still remained unabsorbed and c/f. in AY 2007-08

The provision i.r.o. unabosrbed depreciation is

up to AY 1996-97 - Infinite

from AY 1997-98 to AY 2001-02- 8yrs

from AY 2002-03 - infinite

can the assessee company c/f dep of 1997-98 in AY 2007-08.

The issue is for unabsorb. dep. of AY 1997-98, time limit for c/f. will be infinite or 8 years.....
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CA Navin Jain

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CA Navin Jain (Expert)
06 April 2012 will be 8 years

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