https://www.taxtmi.com/caselaws?id=339934 The High Court upheld the rectification of mistake under Section 154 of the Income Tax Act, allowing deductions under Sections 80HHA and 80I to be made on net income rather than gross profit. Relying on a Supreme Court precedent, the Court deemed the rectification valid, as the issue was settled law and not debatable. The Court dismissed the Income tax appeals, emphasizing that the rectification was justified, and no costs were awarded. en-us Thu, 02 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339934 The High Court upheld the rectification of mistake under Section 154 of the Income Tax Act, allowing deductions under Sections 80HHA and 80I to be made on net income rather than gross profit. Relying on a Supreme Court precedent, the Court deemed the rectification valid, as the issue was settled law and not debatable. The Court dismissed the Income tax appeals, emphasizing that the rectification was justified, and no costs were awarded. Case-Laws Income Tax Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339934