https://www.taxtmi.com/caselaws?id=341095 The court ruled in favor of the Assessee, setting aside the impugned judgment and allowing the appeals. It clarified the validity of exercising power under Section 154 and the admissibility of deductions under Section 80 IA based on the assessment outcomes. The court emphasized that deductions cannot be allowed if the gross total income is Nil, but in this case, as the assessment orders did not reflect Nil income, the deduction was deemed admissible. The decision highlighted the limited scope of Section 154 and suggested seeking rectification through other remedies for erroneous orders causing prejudice to the Revenue. en-us Tue, 28 Mar 2017 00:00:00 +0530 Sat, 01 Apr 2017 09:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341095 The court ruled in favor of the Assessee, setting aside the impugned judgment and allowing the appeals. It clarified the validity of exercising power under Section 154 and the admissibility of deductions under Section 80 IA based on the assessment outcomes. The court emphasized that deductions cannot be allowed if the gross total income is Nil, but in this case, as the assessment orders did not reflect Nil income, the deduction was deemed admissible. The decision highlighted the limited scope of Section 154 and suggested seeking rectification through other remedies for erroneous orders causing prejudice to the Revenue. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341095