https://www.taxtmi.com/caselaws?id=76022 The Tribunal held that adjustments made by the Assessing Officer to rectify a supposed mistake in the intimation under Section 143(1)(a) of the Income Tax Act, 1961 were not appropriate without proper notice and deliberations. The Tribunal also confirmed the correctness of the assessee's computation of capital gains following Accounting Standard-13, emphasizing the adherence to accounting standards. The appeal was dismissed, upholding the deletion of additions by the Assessing Officer and the Commissioner of Income Tax (Appeals), affirming the accurate calculation of capital gains and tax payments. en-us Wed, 12 May 2010 00:00:00 +0530 Wed, 02 Jan 2013 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76022 The Tribunal held that adjustments made by the Assessing Officer to rectify a supposed mistake in the intimation under Section 143(1)(a) of the Income Tax Act, 1961 were not appropriate without proper notice and deliberations. The Tribunal also confirmed the correctness of the assessee's computation of capital gains following Accounting Standard-13, emphasizing the adherence to accounting standards. The appeal was dismissed, upholding the deletion of additions by the Assessing Officer and the Commissioner of Income Tax (Appeals), affirming the accurate calculation of capital gains and tax payments. Case-Laws Income Tax Wed, 12 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76022