Recalculation of c/f losses by ao

The assessment u/s 143(3) of my firm of AY 2012-13 has been completed by AO after disallowing some of Depreciation and expesnes. Agaisnt that assessment order, I filed apeal to CIT (Appeal) where case is still pending.

Now AO has taken up AY 2013-14 for scrutiny u/s 143(3).

My question is that will AO shall recalculate c/f losses and unabsorbed depreciation afresh taking into consideration the disallowances made by him in AY 2012-13. OR he will take c/f losses and unabsorbed depreciation as returned by me because disallowances made by AO of AY 2012-13 are under apeal     

Replies (1)

Hi,

Since value of loss is subject matter of objection which is still pending. Income of subsequent year cannot be recalculated for this particular objection. If there is any other objection, it can be considreed by AO u/s 143(3).

Regards

CA Shivani Mittal

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