https://www.taxtmi.com/caselaws?id=244151 Rectification under section 254(2) was held unavailable because the Tribunal's earlier order had already decided the issue on merits and the applicant showed no patent mistake apparent from the record. The rectification plea was also different from the stand taken in the original appeal, so no basis existed to reopen the order. On book-profit computation under section 115JB, the adjustment linked to exempt income was confined to expenditure actually incurred and reflected in the accounts, and the assessee failed to show that the section 14A disallowance was nil or lower. The earlier view on the book-profit adjustment was left undisturbed. en-us Fri, 27 Dec 2013 00:00:00 +0530 Thu, 06 Feb 2014 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244151 Rectification under section 254(2) was held unavailable because the Tribunal's earlier order had already decided the issue on merits and the applicant showed no patent mistake apparent from the record. The rectification plea was also different from the stand taken in the original appeal, so no basis existed to reopen the order. On book-profit computation under section 115JB, the adjustment linked to exempt income was confined to expenditure actually incurred and reflected in the accounts, and the assessee failed to show that the section 14A disallowance was nil or lower. The earlier view on the book-profit adjustment was left undisturbed. Case-Laws Income Tax Fri, 27 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244151