https://www.taxtmi.com/caselaws?id=69956 The Tribunal, by majority opinion, held that the rectification applications under section 154 of the Income-tax Act were within the prescribed time limit, as the period of limitation should be counted from the date of the orders giving effect to the appellate orders. However, the Tribunal upheld the decision that the assessee's claim for recomputation of deduction under section 80J was not valid, as the claim was not raised during the original assessments or appeals and the relevant law required the inclusion of liabilities in the computation of capital employed. The appeals were dismissed on merits. en-us Wed, 21 Mar 1984 00:00:00 +0530 Wed, 13 Apr 2011 10:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69956 The Tribunal, by majority opinion, held that the rectification applications under section 154 of the Income-tax Act were within the prescribed time limit, as the period of limitation should be counted from the date of the orders giving effect to the appellate orders. However, the Tribunal upheld the decision that the assessee's claim for recomputation of deduction under section 80J was not valid, as the claim was not raised during the original assessments or appeals and the relevant law required the inclusion of liabilities in the computation of capital employed. The appeals were dismissed on merits. Case-Laws Income Tax Wed, 21 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69956