https://www.taxtmi.com/caselaws?id=234455 The High Court upheld the Tribunal's decisions in interpreting provisions for deduction under section 32AB of the Income-tax Act, considering dividend, capital gains, and excise duty written back as profit from business. The Court also affirmed the Tribunal's application of section 154 in rectifying orders, emphasizing that a change in legal opinion does not warrant invoking section 154. The Court supported its rulings with legal analysis and references to judgments, ultimately ruling in favor of the assessee in both aspects. en-us Wed, 02 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234455 The High Court upheld the Tribunal's decisions in interpreting provisions for deduction under section 32AB of the Income-tax Act, considering dividend, capital gains, and excise duty written back as profit from business. The Court also affirmed the Tribunal's application of section 154 in rectifying orders, emphasizing that a change in legal opinion does not warrant invoking section 154. The Court supported its rulings with legal analysis and references to judgments, ultimately ruling in favor of the assessee in both aspects. Case-Laws Income Tax Wed, 02 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234455