https://www.taxtmi.com/caselaws?id=70778 The Tribunal upheld the Assessing Officer's rectification under section 154 regarding the intimation under section 143(1)(a) of the Income-tax Act, 1961. The Tribunal determined that after the introduction of section 80AB, there was no controversy on how to compute profits and gains for deduction under section 80-I. Considering deductions for depreciation, unabsorbed depreciation, and unabsorbed investment allowance were necessary for computing income under section 80-I. The Tribunal dismissed the assessee's appeal, emphasizing that the Assessing Officer's rectification was justified based on the incorrect computation of the claimed deduction under section 80-I. en-us Thu, 13 Aug 1998 00:00:00 +0530 Tue, 19 Apr 2011 11:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70778 The Tribunal upheld the Assessing Officer's rectification under section 154 regarding the intimation under section 143(1)(a) of the Income-tax Act, 1961. The Tribunal determined that after the introduction of section 80AB, there was no controversy on how to compute profits and gains for deduction under section 80-I. Considering deductions for depreciation, unabsorbed depreciation, and unabsorbed investment allowance were necessary for computing income under section 80-I. The Tribunal dismissed the assessee's appeal, emphasizing that the Assessing Officer's rectification was justified based on the incorrect computation of the claimed deduction under section 80-I. Case-Laws Income Tax Thu, 13 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70778