VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case law › Section 72(3)

Section 72(3)

What section 72(3) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 72(3). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 72(3) does, in plain English, before you read what the courts made of it.

Unabsorbed depreciation is not a loss, and that is the whole point

My depreciation could not be absorbed this year. How long can I carry it, and does a late return kill it the way it kills a business loss?