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2007 (6) TMI 204 - HC - Income TaxAO while exercising the power u/s 143(1)(a) ought not to have set off the business loss arrived u/s 80HHC(3) & restricted the deduction even without giving an opportunity to the assessee & calling for the evidence from assessee - AO ought not to have deducted the notional loss from the export profit – question of relief u/s 80HHC was debatable issue & it didn’t fall within the purview of prima facie adjustment u/s 143(1)(a) & could be taken only in regular assessment – Sec. 154 not applicable
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