https://www.taxtmi.com/caselaws?id=179247 The Tribunal allowed the appeal in favor of the assessee regarding the disallowance under section 14A for computing book profits under section 115JB. The Tribunal held that the issue was debatable, and therefore, the rectification order passed by the Assessing Officer was unsustainable in law as issues of debatable nature fall outside the scope of rectification under section 154. The Tribunal decided in favor of the assessee, allowing the grounds raised and pronouncing the order on 17th January 2014. en-us Fri, 17 Jan 2014 00:00:00 +0530 Wed, 24 Feb 2016 07:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179247 The Tribunal allowed the appeal in favor of the assessee regarding the disallowance under section 14A for computing book profits under section 115JB. The Tribunal held that the issue was debatable, and therefore, the rectification order passed by the Assessing Officer was unsustainable in law as issues of debatable nature fall outside the scope of rectification under section 154. The Tribunal decided in favor of the assessee, allowing the grounds raised and pronouncing the order on 17th January 2014. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179247