Question ID :
31656
Order under section 154 of Income tax Act
Received an order for rectification of a mistake apparent from record under section 154. What are the important areas the assessee should cover? What are the remedies available to the assessee?
Posted by
CA PRADEEP C B
on
May 30, 2018
Filed Under
DIRECT TAXES
Please post the copy of order us sec 154 by removing the name of assessee to check what was the mistake apparent from record and what submission can be given.
Posted by
Murari Bharuka on
Jun 01, 2018
Answer ID :
68722
Dear Sir, it is a confidential matter. Please pardon me, i cant share the copy of the order. In nutshell, assessing officer asked to correct the claim of unabsorbed depreciation. From his point of view the claim should be disallowed, since the depreciation was not claimed by filing a valid return in the prevoius years. Assessee not filed return of income for those previous years. Assessing officer treated it as a mistke apparent from the record. Please guide me. Thanks in advance.
Posted by
CA PRADEEP C B on
Jun 01, 2018