https://www.taxtmi.com/caselaws?id=218533 The Tribunal found that the rectification under Section 154 of the Income Tax Act was invalid as the Assessing Officer had not served the necessary intimation and notice to the assessee. It was held that the issues involved were debatable and outside the purview of Section 154. The Tribunal directed the Assessing Officer to re-examine the set-off of brought forward losses for computing book profits under Section 115JB after providing a reasonable opportunity of hearing to the assessee. The appeal was allowed in favor of the assessee for re-adjudication of the rectification application. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 19 Nov 2012 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218533 The Tribunal found that the rectification under Section 154 of the Income Tax Act was invalid as the Assessing Officer had not served the necessary intimation and notice to the assessee. It was held that the issues involved were debatable and outside the purview of Section 154. The Tribunal directed the Assessing Officer to re-examine the set-off of brought forward losses for computing book profits under Section 115JB after providing a reasonable opportunity of hearing to the assessee. The appeal was allowed in favor of the assessee for re-adjudication of the rectification application. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218533