https://www.taxtmi.com/caselaws?id=347185 Rectification under section 154 is limited to a mistake apparent from the record and cannot be used to refuse exemption without examining the effect of an earlier exemption and the saving clause under section 297(2)(k). On that point, the matter required fresh consideration because the Assessing Officer had not ined whether the prior approval or exemption survived under the repealed and corresponding new provisions. A separate accrual-based argument about taxing rental receipt in an earlier year was outside the scope of the rectification record and was not entertained. The exemption issue was restored for reconsideration, while the alternative contention remained rejected. en-us Fri, 23 Jun 2017 00:00:00 +0530 Wed, 30 Aug 2017 17:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347185 Rectification under section 154 is limited to a mistake apparent from the record and cannot be used to refuse exemption without examining the effect of an earlier exemption and the saving clause under section 297(2)(k). On that point, the matter required fresh consideration because the Assessing Officer had not ined whether the prior approval or exemption survived under the repealed and corresponding new provisions. A separate accrual-based argument about taxing rental receipt in an earlier year was outside the scope of the rectification record and was not entertained. The exemption issue was restored for reconsideration, while the alternative contention remained rejected. Case-Laws Income Tax Fri, 23 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347185