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2011 (3) TMI 980 - ITAT, MUMBAIDeduction u/s.80HHC - Book profit u/s 115JA - Rectification of mistakes - it cannot be said that there was any mistake in the order dated 29.07.2006 passed by the Assessing Officer while giving effect to the order of the learned CIT(A) in not reducing the profits of the business by 90% of the other income for the purpose of computing deduction u/s.80HHC calling for any rectification u/s.154 - Held that: there was thus no mistake in the order passed by the Assessing Officer on 24.07.2006 giving effect to the order of the learned CIT(A) on this issue warranting any rectification u/s.154 - Decided in the favour of assessee Regarding interest u/s 234B - Held that: the provisions of section 234B having come on the Statute book with effect from 1.6.2003 and the same having no retrospective effect, interest under the said provisions cannot be charged in respect of refunds granted prior to 01.6.2003 - Appeal is allowed by way of remand Regarding deduction u/s.80HHC while determining the book profits of the assessee by reducing 90% of other income -
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