https://www.taxtmi.com/caselaws?id=62769 The Tribunal upheld the decisions of the lower authorities, ruling against the assessee's claims for rectification of interest income under section 154 and for setting off interest income against interest expenditure. The Tribunal emphasized that the Assessing Officer had correctly processed the returns based on the income declared by the assessee, and there were no apparent mistakes in the intimation issued under section 143(1). The appeals filed by the assessee were dismissed, affirming the Commissioner of Income-tax (Appeals)'s rejection of the petition under section 154. en-us Fri, 11 Jan 2008 00:00:00 +0530 Wed, 12 Jun 2013 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62769 The Tribunal upheld the decisions of the lower authorities, ruling against the assessee's claims for rectification of interest income under section 154 and for setting off interest income against interest expenditure. The Tribunal emphasized that the Assessing Officer had correctly processed the returns based on the income declared by the assessee, and there were no apparent mistakes in the intimation issued under section 143(1). The appeals filed by the assessee were dismissed, affirming the Commissioner of Income-tax (Appeals)'s rejection of the petition under section 154. Case-Laws Income Tax Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62769