Rectification of computational error- A simple computational error can be resolved by rectifying an order of assessment under Section 154(1)

HIGH COURT OF BOMBAY, Hindustan Unilever Ltd. Vs. DCIT, Writ Petition No. 85 of 2009, DECIDED ON April 1, 2010 JUDGMENT 1. Rule, with the consent of Counsel returnable forthwith. By consent of both the parties, the petition is taken up for final hearing at the stage of admission. 2. The petitioner filed its return of income on 29th October 2004 for assessment year 20042005. Under the head of business income, an amount of Rs.1815.59 crores was reflected as the net profit before tax. This was arrived at after taking into consideration losses of Rs.10.84 crores suffered by the Plantation divisio...