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Computation of book profit u/s 115JB

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(Querist)
15 March 2010 hello friends,

In case of computation of book profit we normally deduct
Unabsorbed Depreciation
or
B/f Losses

Which ever is less.

In case of my company we have unabsored depreciation and b/f losses of 2 years.
I want to know WHETHER THE CALCULATION WILL BE SEPARATE FOR EACH YEAR OR THEY WILL CONSOLIDATE CONSIDERED FOR CALCULATION OF BOOK PROFIT.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 March 2010 Add up unabsorbed depreciation of all the years. Similarly add up unabsorbed business loss of all the years. Then find out least among the two sum.
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joginder

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joginder (Querist)
15 March 2010 Thank you Sir
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 March 2010 Citation that support my view:-

Aniline Textiles (p) Ltd Vs. ITO (2009) 27 SOT 152 (Mum-Tri).
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