https://www.taxtmi.com/caselaws?id=208881 The Tribunal upheld the computation of deduction under Section 80HHC based on profit as per accounts for determining book profit under Section 115JA/115JB. It found adjustments involving debatable issues beyond the scope of rectification under Section 154. Interest under Section 234D was held not applicable retrospectively, directing verification by the Assessing Officer based on the judgment in CIT vs. Bajaj Hindustan Ltd. The revenue's appeal was dismissed for certain assessment years, while the assessee's appeal was allowed for others, with matters remanded for verification. en-us Wed, 23 Mar 2011 00:00:00 +0530 Tue, 05 Jul 2011 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208881 The Tribunal upheld the computation of deduction under Section 80HHC based on profit as per accounts for determining book profit under Section 115JA/115JB. It found adjustments involving debatable issues beyond the scope of rectification under Section 154. Interest under Section 234D was held not applicable retrospectively, directing verification by the Assessing Officer based on the judgment in CIT vs. Bajaj Hindustan Ltd. The revenue's appeal was dismissed for certain assessment years, while the assessee's appeal was allowed for others, with matters remanded for verification. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208881