https://www.taxtmi.com/caselaws?id=61845 The tribunal held that the application of section 44AC in the assessment under section 143(1)(a) of the Income-tax Act was legally impermissible. It emphasized that adjustments under section 44AC required detailed scrutiny beyond the scope of section 143(1)(a) assessments. The tribunal found prima facie errors in the assessment, which could be rectified under section 154. It concluded that the Income-tax Officer should have rectified the assessment under section 154 instead of applying section 44AC. As a result, the tribunal allowed the appeal, highlighting the incorrect application of section 44AC in the assessment process. en-us Tue, 16 Mar 1993 00:00:00 +0530 Sat, 15 Jan 2011 16:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61845 The tribunal held that the application of section 44AC in the assessment under section 143(1)(a) of the Income-tax Act was legally impermissible. It emphasized that adjustments under section 44AC required detailed scrutiny beyond the scope of section 143(1)(a) assessments. The tribunal found prima facie errors in the assessment, which could be rectified under section 154. It concluded that the Income-tax Officer should have rectified the assessment under section 154 instead of applying section 44AC. As a result, the tribunal allowed the appeal, highlighting the incorrect application of section 44AC in the assessment process. Case-Laws Income Tax Tue, 16 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61845