https://www.taxtmi.com/caselaws?id=66712 A debatable interpretation of deduction provisions could not be treated as an apparent mistake for summary adjustment under section 143(1)(a) of the Income-tax Act, 1961. Recomputing deduction under section 80-I by setting off brought forward losses and depreciation of another industrial undertaking required examination of the interaction between section 80AB and section 80-I, so it was not a patent error and no prima facie adjustment was justified. The same applied to deduction under section 80HHC: whether brought forward losses and depreciation could be adjusted before computing export deduction was also a matter requiring detailed reasoning, not summary correction. The assessee's deductions were therefore protected from recomputation in the summary assessment process. en-us Fri, 02 Feb 2001 00:00:00 +0530 Sat, 05 Mar 2011 18:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66712 A debatable interpretation of deduction provisions could not be treated as an apparent mistake for summary adjustment under section 143(1)(a) of the Income-tax Act, 1961. Recomputing deduction under section 80-I by setting off brought forward losses and depreciation of another industrial undertaking required examination of the interaction between section 80AB and section 80-I, so it was not a patent error and no prima facie adjustment was justified. The same applied to deduction under section 80HHC: whether brought forward losses and depreciation could be adjusted before computing export deduction was also a matter requiring detailed reasoning, not summary correction. The assessee's deductions were therefore protected from recomputation in the summary assessment process. Case-Laws Income Tax Fri, 02 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66712