Rectification and section 80J deduction issues referred for opinion on retrospective amendment under section 80J(1A).

The Punjab and Haryana HC directed the Tribunal to state a case and refer three questions of law on rectification under section 154 and computation of deduction under section 80J. The reference also covered the legal effect of section 80J(1A), which was inserted retrospectively by the Finance (No. 2) Act, 1980. The document concerns the scope of rectification and the proper method of calculating the deduction in light of the retrospective amendment.

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Outcome: The Court directed the Tribunal to state a case and refer three questions of law for its opinion concerning rectification under section 154 and computation of deduction under section 80J, including the effect of section 80J(1A) inserted retrospectively by the Finance (No. 2) Act, 1980.

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