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Loss of revenue due to incorrect allowance of depreciation : CBDT directs AOs to take immediate steps.

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....-Instruction<br>Income Tax<br>INSTRUCTION NO. 9/2007 &nbsp;Dated: September 11, 2007 I am directed to refer to the above subject. 2. Instances have come to the notice of the Board in which su....

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....s so as to ensure correctness of the allowance of claims of brought forward losses and depreciation. Remedial action for earlier years, wherever necessary, should also be initiated. 3. This should ....