https://www.taxtmi.com/caselaws?id=194769 The Appellate Tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer (AO) to consider the rectification petition under section 154 and exclude the non-taxable long-term capital gain from the computation of income. The Tribunal emphasized the AO's duty to correct mistakes and guide the assessee, ensuring accurate taxation. The orders of the AO and CIT(A) were set aside, granting relief to the assessee and highlighting the significance of rectifying errors in tax assessments. en-us Mon, 20 Apr 2009 00:00:00 +0530 Mon, 25 Sep 2017 18:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194769 The Appellate Tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer (AO) to consider the rectification petition under section 154 and exclude the non-taxable long-term capital gain from the computation of income. The Tribunal emphasized the AO's duty to correct mistakes and guide the assessee, ensuring accurate taxation. The orders of the AO and CIT(A) were set aside, granting relief to the assessee and highlighting the significance of rectifying errors in tax assessments. Case-Laws Income Tax Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194769