https://www.taxtmi.com/caselaws?id=393412 The court dismissed the appeals challenging the denial of rectification under Section 154 of the Income Tax Act for omission to claim deduction for interest payments in original returns. The court held that the omission was not a mistake apparent from the record and did not fall within the scope of Section 154. The court also ruled that the CBDT Circular cited by the assessee was not applicable as the interest payments were not disclosed in the original returns. The appeals were dismissed, and the court upheld the decisions of the authorities. en-us Tue, 10 Mar 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393412 The court dismissed the appeals challenging the denial of rectification under Section 154 of the Income Tax Act for omission to claim deduction for interest payments in original returns. The court held that the omission was not a mistake apparent from the record and did not fall within the scope of Section 154. The court also ruled that the CBDT Circular cited by the assessee was not applicable as the interest payments were not disclosed in the original returns. The appeals were dismissed, and the court upheld the decisions of the authorities. Case-Laws Income Tax Tue, 10 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393412