https://www.taxtmi.com/caselaws?id=241062 The Court ruled in favor of the department in an Income Tax Appeal, finding errors in the interpretation of provisions under Section 37 (3A)/(3B) by the CIT (A) and ITAT. It was held that expenses on items specified in sub-section (3B) must be aggregated for deductions, rather than allowing separate deductions for each item. The Court emphasized the need for correct interpretation of statutory provisions and rejected objections to the rectification application under Section 154. The department was directed to proceed in accordance with the correct interpretation of the law. en-us Fri, 13 Dec 2013 00:00:00 +0530 Mon, 16 Dec 2013 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241062 The Court ruled in favor of the department in an Income Tax Appeal, finding errors in the interpretation of provisions under Section 37 (3A)/(3B) by the CIT (A) and ITAT. It was held that expenses on items specified in sub-section (3B) must be aggregated for deductions, rather than allowing separate deductions for each item. The Court emphasized the need for correct interpretation of statutory provisions and rejected objections to the rectification application under Section 154. The department was directed to proceed in accordance with the correct interpretation of the law. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241062