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2016 (8) TMI 743 - HC - Income TaxRectification of mistake - Computation of book profit u/s.115JB - exclusion of capital receipts - Held that:- Looked from the limited angle of powers of rectification, we do not find that the Tribunal has committed any error. Whether the Commissioner of Income Tax (Appeals)'s directions would cover the normal as well as MAT computation of income, was a debatable issue. The Assessing Officer thus having passed an order taking one view, the same was not open to rectification.
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