Assessment order valid under Section 143(3) despite misquotation; full Section 80-IA deductions allowed on business interest income

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....The HC upheld the ITAT's finding that the assessment order was validly passed under Section 143(3) despite the erroneous reference to Section 147, holding that such misquotation is curable under Section 292B and does not invalidate the proceedings. The court rejected the CIT(A)'s interpretation that the order was under Section 147/148, affirming that the assessment was a regular scrutiny under Section 143(3). Regarding the computation of deductions under Section 80-IA, the HC ruled in favor of the assessee, holding that interest income earned in the ordinary course of business cannot be artificially segregated to deny the deduction. The court found the Revenue's attempt to bifurcate business income arbitrary and against commercial prudence..........