Re: reduction of loss in case of search
in case of search the assessee is accepting reduction of loss/depreciation, so as per scheme 125% is reduced but while filing form 1& 2 under schedule D of the form under the head disputed income 100% of loss amount is to be entered or 125% of loss amount , as there is no separate coloumn for search case as there is in Schedule A .
You may enter 125 % of the loss amount. In case of difficulty , it is advisable to approach your designated authority under VSVA and discuss the issue.
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