https://www.taxtmi.com/highlights?id=49945 Revision u/s 263 - The failure to compute assessee’s income u/s 115JB, in our considered opinion, would certainly make the order liable for exercise of revisional jurisdiction u/s 263. There was a certain omission on the part of Ld. AO in not considering the computation of Book Profits u/s 115JB and therefore, the jurisdiction u/s 263 was rightly invoked. en-us Tue, 29 Oct 2019 19:49:37 +0530 Tue, 29 Oct 2019 19:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49945 Revision u/s 263 - The failure to compute assessee’s income u/s 115JB, in our considered opinion, would certainly make the order liable for exercise of revisional jurisdiction u/s 263. There was a certain omission on the part of Ld. AO in not considering the computation of Book Profits u/s 115JB and therefore, the jurisdiction u/s 263 was rightly invoked. Highlights Income Tax Tue, 29 Oct 2019 19:49:37 +0530 https://www.taxtmi.com/highlights?id=49945