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2020 (10) TMI 80 - AT - Income TaxRectification u/s 154 - deduction u/s 80IA - HELD THAT:- We hold that deduction u/s 80IA is to be allowed from the gross total income and should not be restricted to the net business income of the assessee. Such an issue cannot be decided in the proceedings u/s 154 as only such mistakes which are apparent from the record can be rectified and the law is clear that deduction u/s 80IA is to be allowed from the gross total income. Therefore, there is no mistake apparent from the record which needed rectification u/s 154 of the Act.
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