Assets of previous years

Reason for ommission?

When that Asset was acquired, U would have paid through Cheque  rite .. In such case hw will your BAnk statement tally with that of Your Bank Account. ..

Section 32 states 2 conditions to be satisfied. 

   Asset must be in your possession

    It must be used for the purpose of your businbess

No where IT ACt says if u dont claim depreciation in the current year, you cannot claIM NEXT YEAR.. So you can claim Depreciation.. 

From Accounting point of view too u can claim depreciation of previouse year also as Prior Pewriod Expense and Asset can be recorded on the actual date of purchase.. 

Actually in previous year some of assets purchased in cash were left due to assessee's mistake or were acquired through inheritance.. so were omitted, and now they have sold it so can it be shown? 

you have a bill for it right? On sale Section 50 will get applicable.. Sinve WDV is equal to cost .. you can claim the whole cost ..