2019 (6) TMI 1648

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....i Mahavir Jain- Ld.AR For the Respondent : Mrs. Jothi Lakshmi Nayak-Ld. DR ORDER Per Manoj Kumar Aggarwal (Accountant Member):- 1. By way of this Miscellaneous Application for Assessment Year [AY] 2011-12, the assessee seeks certain rectification in the order of the Tribunal ITA No.6595/Mum/2014 passed on 01/01/2016. 2. The registry has noted that the application is time barred u/s ....

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....rder treating the same to be merely academic in nature. These grounds pertained to reduction of the amount of profit eligible for deduction u/s 80-IB(10) whilst computing Book Profits u/s 115JB of the Act. It has been submitted that no further appeal has been preferred by the assessee against the said order. The Ld. AR drew our attention to the fact that similar issue arose in AY 2010-11 which was....

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....d position that emerges is the fact that similar issue as stated in Ground A, arose in assessee's case for AY 2010-11 which was dismissed as academic in nature by the order of Tribunal vide ITA No. 6382/Mum/2013 order dated 21/02/2014. Upon further appeal by the assessee as well as department, the order of the Tribunal was quashed by Hon'ble Bombay High Court and set aside for readjudication vide ....