https://www.taxtmi.com/caselaws?id=57781 The appellate tribunal allowed the appeal against the rectification under section 154 related to the computation of income under section 115JA for the assessment year 1997-98. The tribunal emphasized the importance of considering all interpretations and legal principles in applying section 115JA, highlighting the significance of legislative intent, CBDT circulars, and the necessity to avoid prima facie adjustments when two plausible views exist in interpreting tax provisions. The order passed under section 154 was set aside, emphasizing the need for a comprehensive analysis before making such adjustments. en-us Wed, 02 Feb 2005 00:00:00 +0530 Mon, 25 Jun 2012 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57781 The appellate tribunal allowed the appeal against the rectification under section 154 related to the computation of income under section 115JA for the assessment year 1997-98. The tribunal emphasized the importance of considering all interpretations and legal principles in applying section 115JA, highlighting the significance of legislative intent, CBDT circulars, and the necessity to avoid prima facie adjustments when two plausible views exist in interpreting tax provisions. The order passed under section 154 was set aside, emphasizing the need for a comprehensive analysis before making such adjustments. Case-Laws Income Tax Wed, 02 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57781