Mistake apparent pertaining to carry forward and set off of unabsorbed depreciation and business losses could be revised by filing Form 3 under VSV scheme

Fresh Pet Private Limited Vs PCIT (Delhi High Court) Mistake apparent pertaining to carry forward and set off of unabsorbed depreciation and business losses could be revised by filing Form 3 under VSV scheme Conclusion: Once AO itself had accorded the facility of carry forward and set off of unabsorbed depreciation and business losses, the same could not have been denied to declarant. The failure of assessee to make the requisite disclosures in Schedule D would neither detract from the relief which had been accorded by AO nor change the factum of carry forward and set off as forming part of th...