https://www.taxtmi.com/caselaws?id=392279 The Tribunal dismissed multiple applications seeking rectification of orders in various appeals for different assessment years. The Tribunal upheld its earlier decisions, emphasizing consistency and the absence of apparent mistakes in the orders. The issues included the deduction of lease equalization reserve, depreciation on leased assets, and the deletion of lease equalization amount while computing Book Profits. Despite arguments based on Accounting Standard-19 and judicial pronouncements, the Tribunal maintained its stance, resulting in the rejection of the rectification applications. en-us Fri, 14 Feb 2020 00:00:00 +0530 Mon, 17 Feb 2020 09:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392279 The Tribunal dismissed multiple applications seeking rectification of orders in various appeals for different assessment years. The Tribunal upheld its earlier decisions, emphasizing consistency and the absence of apparent mistakes in the orders. The issues included the deduction of lease equalization reserve, depreciation on leased assets, and the deletion of lease equalization amount while computing Book Profits. Despite arguments based on Accounting Standard-19 and judicial pronouncements, the Tribunal maintained its stance, resulting in the rejection of the rectification applications. Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392279