https://www.taxtmi.com/caselaws?id=71281 The ITAT Pune-B held that the Assessing Officer's failure to charge mandatory additional tax under section 143(1A) was a clear mistake, as the income determined exceeded the returned income. The tribunal ruled that the AO could levy additional tax through a rectification order under section 154. It was established that the assessee declared a total income of Rs. 2,05,139.74, and adjustments made by the AO failed to comply with the legal requirements. Additionally, the tribunal clarified the distinct scenarios under sections 54F(1) and 54F(2) regarding capital gains exemption, affirming the CIT(A)'s interpretation and dismissing the assessee's appeal. en-us Fri, 18 Nov 2005 00:00:00 +0530 Wed, 08 Aug 2012 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71281 The ITAT Pune-B held that the Assessing Officer's failure to charge mandatory additional tax under section 143(1A) was a clear mistake, as the income determined exceeded the returned income. The tribunal ruled that the AO could levy additional tax through a rectification order under section 154. It was established that the assessee declared a total income of Rs. 2,05,139.74, and adjustments made by the AO failed to comply with the legal requirements. Additionally, the tribunal clarified the distinct scenarios under sections 54F(1) and 54F(2) regarding capital gains exemption, affirming the CIT(A)'s interpretation and dismissing the assessee's appeal. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71281