https://www.taxtmi.com/caselaws?id=379130 ITAT Kolkata noted that a mistaken ESOP figure in an earlier appellate order was a clerical or manifest error and was rectifiable under section 254(2); the amount was directed to be read as the correct figure. It also held that the direction on computation of deduction under section 80IA for a captive power undertaking required modification because the later electricity law regime had materially changed the basis of the earlier order, so recomputation had to follow the applicable statutory framework. The connected miscellaneous application became infructuous once the modification was granted. en-us Tue, 23 Apr 2019 00:00:00 +0530 Sat, 27 Apr 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379130 ITAT Kolkata noted that a mistaken ESOP figure in an earlier appellate order was a clerical or manifest error and was rectifiable under section 254(2); the amount was directed to be read as the correct figure. It also held that the direction on computation of deduction under section 80IA for a captive power undertaking required modification because the later electricity law regime had materially changed the basis of the earlier order, so recomputation had to follow the applicable statutory framework. The connected miscellaneous application became infructuous once the modification was granted. Case-Laws Income Tax Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379130