INCOME TAX : Losses (both cash loss and depreciation loss) would continue to remain in books of account till it is wiped off by earning profits by assessee company and, accordingly, same would be available for reduction from book profits under section 115JBINCOME TAX : Losses (both cash loss and depreciation loss) would continue to remain in books of account till it is wiped off by earning profits by assessee company and, accordingly, same would be available for reduction from book profits under section 115JBwww.taxmann.com Latest Case LawsRead More