AO Overstepped by Disallowing Depreciation Claim via Section 154; CIT(A) Order Stands, Revenue's Appeal Dismissed.

AO exceeded jurisdiction by disallowing claim of brought forward unabsorbed depreciation through rectification u/s 154, as CIT(A) did not direct such disallowance. CIT(A) order attained finality on this issue. Post CIT(A) order, AO cannot rectify u/s 154 in absence of mistake apparent from record. CIT(A) order upheld, Revenue's appeal dismissed. .....

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