https://www.taxtmi.com/caselaws?id=421521 The dominant issue was whether an alleged omission to increase book profit under s.115JB by a s.14A disallowance could be rectified under s.154/ s.254(2) by applying Expln.1(f) to s.115JB(2). The HC held that s.115JB is a self-contained code and that disallowance computed under s.14A operates only under the normal computation provisions and cannot be imported into MAT book-profit computation; Expln.1 permits specified additions (including provision for diminution of assets) but not a s.14A disallowance. Consequently, there was no apparent mistake warranting rectification, and the revenue's miscellaneous/rectification attempt was misconceived; the assessee succeeded and the revenue's challenge failed. en-us Wed, 13 Apr 2022 00:00:00 +0530 Wed, 07 Jan 2026 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421521 The dominant issue was whether an alleged omission to increase book profit under s.115JB by a s.14A disallowance could be rectified under s.154/ s.254(2) by applying Expln.1(f) to s.115JB(2). The HC held that s.115JB is a self-contained code and that disallowance computed under s.14A operates only under the normal computation provisions and cannot be imported into MAT book-profit computation; Expln.1 permits specified additions (including provision for diminution of assets) but not a s.14A disallowance. Consequently, there was no apparent mistake warranting rectification, and the revenue's miscellaneous/rectification attempt was misconceived; the assessee succeeded and the revenue's challenge failed. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421521