https://www.taxtmi.com/caselaws?id=307370 The ITAT allowed the appeal, overturning the ld. CIT(Appeals) order, and directed the AO to permit the deduction of Rs.49,44,871 under Section 115JB of the Act. The ITAT determined that the issue of setting off the lower of book loss or unabsorbed depreciation is debatable and unsuitable for rectification under Section 154. en-us Tue, 12 Jul 2022 00:00:00 +0530 Mon, 11 Nov 2024 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307370 The ITAT allowed the appeal, overturning the ld. CIT(Appeals) order, and directed the AO to permit the deduction of Rs.49,44,871 under Section 115JB of the Act. The ITAT determined that the issue of setting off the lower of book loss or unabsorbed depreciation is debatable and unsuitable for rectification under Section 154. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307370