WRITEOFF OF EXCESS INPUT TAX CREDIT AND WORK CONTRACT TAX RELATED TO F.Y 2015-16, Income Tax

[AJIT Tiwary]

Dear Sir,

if Vat Input and Work contract tax has been carried forward since 3 year , now the assessment related to vat has been completed . can we write off the excess amount shown in balance sheet through profit and loss account. if yes kindly provide us the section and relevant case law if any.

Thanks