https://www.taxtmi.com/caselaws?id=240352 The Tribunal dismissed the appeal of the assessee, upholding the order of the CIT(A) regarding the denial of credit for Securities Transaction Tax (STT) paid. It was concluded that there was no mistake in the intimation under Section 143(1) and any error lay in the return of income filed by the assessee. The Tribunal emphasized that the Assessing Officer's jurisdiction under Section 154 is limited to rectifying mistakes apparent from the record, and in this case, the denial of STT credit was deemed appropriate due to the absence of taxable securities transactions income in the assessee's return. en-us Fri, 25 Oct 2013 00:00:00 +0530 Sun, 01 Dec 2013 20:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240352 The Tribunal dismissed the appeal of the assessee, upholding the order of the CIT(A) regarding the denial of credit for Securities Transaction Tax (STT) paid. It was concluded that there was no mistake in the intimation under Section 143(1) and any error lay in the return of income filed by the assessee. The Tribunal emphasized that the Assessing Officer's jurisdiction under Section 154 is limited to rectifying mistakes apparent from the record, and in this case, the denial of STT credit was deemed appropriate due to the absence of taxable securities transactions income in the assessee's return. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240352