https://www.taxtmi.com/caselaws?id=32809 The Tribunal dismissed the appeals concerning the rectification of tax computation under Section 154 and the inclusion of deductions under Section 80-IA/80-IB in 'Book Profit.' It emphasized the necessity of accurately applying provisions of Section 115JA/115JB and considering relevant deductions for industrial undertakings in backward areas to prevent errors in tax computation and assessment orders. The Tribunal found errors in the Assessing Officer's orders, influenced by audit objections without proper consideration of applicable provisions, leading to the dismissal of the appeals. en-us Thu, 27 Mar 2008 00:00:00 +0530 Fri, 03 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32809 The Tribunal dismissed the appeals concerning the rectification of tax computation under Section 154 and the inclusion of deductions under Section 80-IA/80-IB in 'Book Profit.' It emphasized the necessity of accurately applying provisions of Section 115JA/115JB and considering relevant deductions for industrial undertakings in backward areas to prevent errors in tax computation and assessment orders. The Tribunal found errors in the Assessing Officer's orders, influenced by audit objections without proper consideration of applicable provisions, leading to the dismissal of the appeals. Case-Laws Income Tax Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32809