https://www.taxtmi.com/caselaws?id=301911 The Tribunal allowed the appeal in a tax case, ruling in favor of the assessee. The Assessing Officer's additions under section 154 for disallowance under section 14A, diminution in value of current investment, and provision for doubtful debts were deemed unsustainable. The Tribunal held that these issues were debatable and not mistakes apparent on record, thus questioning the AO's jurisdiction. The additions to book profits under section 115JB were set aside, emphasizing the debatable nature of the issues and the lack of grounds for rectification under section 154. en-us Fri, 31 Jul 2015 00:00:00 +0530 Tue, 26 Apr 2022 20:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301911 The Tribunal allowed the appeal in a tax case, ruling in favor of the assessee. The Assessing Officer's additions under section 154 for disallowance under section 14A, diminution in value of current investment, and provision for doubtful debts were deemed unsustainable. The Tribunal held that these issues were debatable and not mistakes apparent on record, thus questioning the AO's jurisdiction. The additions to book profits under section 115JB were set aside, emphasizing the debatable nature of the issues and the lack of grounds for rectification under section 154. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301911