Sec. 115JB & 263 of Income-tax Act, 1961 - Revision - There is no dispute that the AO had specifically dealt with the issue of set off of least of brought forward business loss and depreciation loss as per books of accounts while computing book profits under s. 115JB of the Act in the assessment order by taking a possible view. Hence the same cannot be the subject-matter of revision proceedings under s. 263 of the Act by the CIT merely because, he is of a different view with regard to the manner of set off of brought forward losses. Appeal of the assessee is allowed by the Tribunal by quashing the order of CIT of invoking jurisdiction under section 263 of the Act. - OWENS-CORNING (INDIA)(P.) LTD. V/s CIT - [2020] 204 TTJ 024 (UO)(ITAT-MUMBAI)