TMI BlogRectification of mistake - Computation of income u/s. 154 - the non adjustment of brought forward...Rectification of mistake - Computation of income u/s. 154 - the non adjustment of brought forward depreciation from profits and gains of business and profession, for determining the quantum of deduction u/s 80IA of the Act is a patent mistake amenable to rectification u/s 154 - The rectification so effected in the present case by adjusting brought forward depreciation against profits of the business before granting deduction u/s 80IA of the Act is therefore upheld. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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