https://www.taxtmi.com/forum/issue?id=105787 Intimation under section 143(1) for AY 2011-12 showed a demand because the department disallowed set off of a business loss; the return filed on 12/03/2013 included unabsorbed depreciation of 66,101. The forum advised filing rectification under section 154 while ensuring any set off of losses and adjustments for unabsorbed depreciation comply with the Income Tax Act's set off and carry forward provisions. en-us Wed, 12 Jun 2013 14:46:05 +0530 Thu, 23 Jan 2025 15:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105787 Intimation under section 143(1) for AY 2011-12 showed a demand because the department disallowed set off of a business loss; the return filed on 12/03/2013 included unabsorbed depreciation of 66,101. The forum advised filing rectification under section 154 while ensuring any set off of losses and adjustments for unabsorbed depreciation comply with the Income Tax Act's set off and carry forward provisions. Discussion-Forum Income Tax Wed, 12 Jun 2013 14:46:05 +0530 https://www.taxtmi.com/forum/issue?id=105787