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2003 (10) TMI 13 - HC - Income Tax"Whether, the mistake pointed out by the Assessing Officer for invoking jurisdiction u/s 154 can be considered as a mistake apparent from the record, which could confer jurisdiction to the Assessing Officer for initiating and making orders u/s 154, for the purpose of recomputing allowable deduction under sections 80-I and 80HHC?" - These appeals are allowed in part. The order of the Tribunal in setting aside the rectification of recomputation of deduction under section 80-I is upheld. The order of recomputing the deduction under section 80HHC by rectification is set aside and the order passed by the Income-tax Officer in that regard is restored for the respective assessment years.
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