https://www.taxtmi.com/caselaws?id=249834 The High Court upheld the Tribunal's decision that the deduction under Section 80HHC should be computed with reference to the profit as per the accounts for determining book profits under Section 115JB. The Court ruled that the rectification order under Section 154 was not justified as the issue was debatable and beyond the scope of Section 154. The Appeals by the Revenue were dismissed, with the Court emphasizing that rectification powers cannot be used for addressing debatable issues, leaving larger questions to be raised in appropriate proceedings. en-us Thu, 03 Jul 2014 00:00:00 +0530 Fri, 25 Jul 2014 14:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249834 The High Court upheld the Tribunal's decision that the deduction under Section 80HHC should be computed with reference to the profit as per the accounts for determining book profits under Section 115JB. The Court ruled that the rectification order under Section 154 was not justified as the issue was debatable and beyond the scope of Section 154. The Appeals by the Revenue were dismissed, with the Court emphasizing that rectification powers cannot be used for addressing debatable issues, leaving larger questions to be raised in appropriate proceedings. Case-Laws Income Tax Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249834