https://www.taxtmi.com/caselaws?id=282697 The Tribunal dismissed the revenue's appeal and the assessee's Cross-Objection, upholding the CIT(A)'s decision that rectification under section 154 was not appropriate for the debatable issue of allowing the firm's losses for book profit calculation under section 115JB. The Tribunal held that the firm's losses could be considered for book profit computation, in line with section 72A(vi) read with section 47(xiii). Both the revenue's appeal and the Cross-Objection were ultimately dismissed. en-us Wed, 28 Aug 2013 00:00:00 +0530 Tue, 20 Aug 2019 17:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282697 The Tribunal dismissed the revenue's appeal and the assessee's Cross-Objection, upholding the CIT(A)'s decision that rectification under section 154 was not appropriate for the debatable issue of allowing the firm's losses for book profit calculation under section 115JB. The Tribunal held that the firm's losses could be considered for book profit computation, in line with section 72A(vi) read with section 47(xiii). Both the revenue's appeal and the Cross-Objection were ultimately dismissed. Case-Laws Income Tax Wed, 28 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282697