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2018 (6) TMI 1663 - AT - Income TaxRectification of mistake - HELD THAT:- There is no dispute that the assessee did carry a sum of ₹ 484,22,01,385/- to reserve from 1.4.1997 till 31.3.2003‖. We found that it is an apparent mistake in so far as the said sum was in fact carried to reserve from FY 1989-90 and not from 1.4.1997. Accordingly we correct the same. In Para 16 of order dated 09/10/2015, reference has been made to sub-section 4A inserted in s 41 "by the Finance Act 1997. It has however been inadvertently stated that this sub section was inserted with from 1.4.2008. The correct year is however 1998 and not 2008. Since it is an apparent mistake, we rectify the same. Issue whether, balance in ‘Profit & Loss Account‘ which is not in the nature of any other reserve having specific objectives‘, should form part of ‘general reserves‘ has not been specifically adjudicated by the Tribunal. As it is a mistake apparent from record, we recall the order to a limited extent of deciding whether balance in Profit and Loss Account which is not in the nature of ―any other reserve having specific objectives‖, should form part of general reserves‘. We direct according
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