AO exceeded jurisdiction by disallowing claim of brought forward ...

Assessing Officer exceeded jurisdiction by disallowing claim of unabsorbed depreciation through rectification u/s 154, as CIT(A) didn't direct such disallowance.

Case Laws Income Tax

July 25, 2024

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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AO exceeded jurisdiction by disallowing claim of brought forward ...

Assessing Officer exceeded jurisdiction by disallowing claim of unabsorbed depreciation through rectification u/s 154, as CIT(A) didn't direct such disallowance.

Case Laws Income Tax

July 25, 2024

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