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2018 (11) TMI 599 - HC - Income TaxRectification of mistake - MAT computation - whether the profits u/s. 115JB ought to be computed after deducting the deduction u/s. 54EC? - Held that:- Undisputed fact is that the Tribunal directed the Assessing Officer to compute the assessee's book profit in a particular manner. The Assessing Officer correctly understood such direction and gave effect to the Tribunal's order also. He now proposes to rectify his order giving effect to the Tribunal's judgement on the ground that there had been an apparent error. In our opinion therefore, there had been no error in the Assessing Officer's order dated 12.12.2017 implementing the Tribunal's direction. It may be that the Revenue has certain disputes with the proposition that the Tribunal adopted while giving such direction. Such issue is not before us and we would therefore not comment on the same. However, as long as an order of the Tribunal stands, the assessment order was required to be implemented. Further having implemented it, it was simply not open for him to exercise power of rectification which is meant for correcting any error apparent on record.
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