https://www.taxtmi.com/caselaws?id=411945 A patent typographical error in the assessment record was corrected because the recorded interest figure did not match the amount reflected in the assessment order, and the Assessing Officer was directed to substitute the correct figure. The question whether fixed deposit interest kept as margin money for bank guarantees linked to raw material procurement qualified as business income, and whether netting could be claimed if deduction under section 80IC was unavailable, was sent back to the CIT(A) for fresh adjudication in line with the Tribunal's earlier order in the assessee's own case. The matter was thus partly corrected and partly remanded. en-us Fri, 03 Sep 2021 00:00:00 +0530 Mon, 06 Sep 2021 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411945 A patent typographical error in the assessment record was corrected because the recorded interest figure did not match the amount reflected in the assessment order, and the Assessing Officer was directed to substitute the correct figure. The question whether fixed deposit interest kept as margin money for bank guarantees linked to raw material procurement qualified as business income, and whether netting could be claimed if deduction under section 80IC was unavailable, was sent back to the CIT(A) for fresh adjudication in line with the Tribunal's earlier order in the assessee's own case. The matter was thus partly corrected and partly remanded. Case-Laws Income Tax Fri, 03 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411945