https://www.taxtmi.com/acts?id=38642 Rule 9 allows a declarant whose carried forward loss or unabsorbed depreciation is reduced to either include tax (with surcharge and cess) on the reduction in the disputed tax and retain the original carry forward amount, or to carry forward the reduced amount; if the latter is chosen the declarant must pay tax (with surcharge and cess) and interest arising from carrying forward the reduced amount. The written down value shall not be increased by the reduction. Different fractions/multipliers apply for computing the reduced amount in non-eligible and eligible search cases, and excess in certain eligible-search calculations is ignored. en-us Thu, 19 Mar 2020 12:47:59 +0530 Fri, 25 Oct 2024 11:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38642 Rule 9 allows a declarant whose carried forward loss or unabsorbed depreciation is reduced to either include tax (with surcharge and cess) on the reduction in the disputed tax and retain the original carry forward amount, or to carry forward the reduced amount; if the latter is chosen the declarant must pay tax (with surcharge and cess) and interest arising from carrying forward the reduced amount. The written down value shall not be increased by the reduction. Different fractions/multipliers apply for computing the reduced amount in non-eligible and eligible search cases, and excess in certain eligible-search calculations is ignored. Act-Rules Direct Taxes Thu, 19 Mar 2020 12:47:59 +0530 https://www.taxtmi.com/acts?id=38642