https://www.taxtmi.com/caselaws?id=408430 The Tribunal allowed the appeal, directing the AO to rectify the assessed income by considering the income declared in the original return. It emphasized the importance of thorough examination of rectification applications, adherence to statutory time limits, and addressing the merit of contentions raised by taxpayers in assessment proceedings. The Tribunal criticized the lower authorities for summarily rejecting the assessee's submissions without considering the errors in the assessment order and solely dismissing the rectification application on the ground of limitation. en-us Tue, 08 Jun 2021 00:00:00 +0530 Thu, 10 Jun 2021 08:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408430 The Tribunal allowed the appeal, directing the AO to rectify the assessed income by considering the income declared in the original return. It emphasized the importance of thorough examination of rectification applications, adherence to statutory time limits, and addressing the merit of contentions raised by taxpayers in assessment proceedings. The Tribunal criticized the lower authorities for summarily rejecting the assessee's submissions without considering the errors in the assessment order and solely dismissing the rectification application on the ground of limitation. Case-Laws Income Tax Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408430