https://www.taxtmi.com/caselaws?id=222028 The High Court upheld the Assessing Officer's decision to rectify an omission in the assessment order under Section 154 of the Income Tax Act. Despite a procedural irregularity in not granting a formal hearing, the court deemed it unnecessary for rectifying clerical mistakes. The Assessing Officer's action to add back the omitted disallowance amount was considered valid, emphasizing the authority's discretion in correcting errors in assessment orders. The ruling favored the Revenue, underscoring the significance of rectification powers conferred by the Income Tax Act. en-us Thu, 14 Mar 2013 00:00:00 +0530 Thu, 11 Apr 2013 12:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222028 The High Court upheld the Assessing Officer's decision to rectify an omission in the assessment order under Section 154 of the Income Tax Act. Despite a procedural irregularity in not granting a formal hearing, the court deemed it unnecessary for rectifying clerical mistakes. The Assessing Officer's action to add back the omitted disallowance amount was considered valid, emphasizing the authority's discretion in correcting errors in assessment orders. The ruling favored the Revenue, underscoring the significance of rectification powers conferred by the Income Tax Act. Case-Laws Income Tax Thu, 14 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222028