Assessing Officer's Error in Book Profit Computation u/s 115JB Leads to Section 263 Invocation.

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....Revision u/s 263 - brought forward loss as deducted in computing the book profit u/s.115JB - We have been confronted with a situation in which the AO incorrectly applied the law because section 115JB was omitted to be applied, which ought to have been applied. In the hue of this factual scenario, it is clear that the assessment order passed by the AO can be clearly described as erroneous and also prejudicial to the interest of the revenue, warranting the invocation of section 263. - AT....