Depreciation verification: assessing officers must verify claims and link records to prevent revenue loss and ensure compliance. Assessing Officers are instructed to verify depreciation claims and the set off of brought forward losses against physical records during scrutiny, ensuring such claims and unabsorbed depreciation are linked with assessment records for correctness; remedial action for earlier years should be initiated and the instruction communicated for strict compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depreciation verification: assessing officers must verify claims and link records to prevent revenue loss and ensure compliance.
Assessing Officers are instructed to verify depreciation claims and the set off of brought forward losses against physical records during scrutiny, ensuring such claims and unabsorbed depreciation are linked with assessment records for correctness; remedial action for earlier years should be initiated and the instruction communicated for strict compliance.
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