https://www.taxtmi.com/caselaws?id=300618 The appeal challenged the validity of an order passed by the CIT(A) rectifying the original order. The original order treated an amount received as income from other sources, but the rectified order considered it as a capital receipt chargeable under capital gains tax. The court found that there was no apparent mistake in the original order and concluded that the rectification order was unsustainable under the law. The appeal was allowed, setting aside the order passed by the CIT(A). en-us Wed, 10 Feb 2016 00:00:00 +0530 Wed, 16 Feb 2022 08:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300618 The appeal challenged the validity of an order passed by the CIT(A) rectifying the original order. The original order treated an amount received as income from other sources, but the rectified order considered it as a capital receipt chargeable under capital gains tax. The court found that there was no apparent mistake in the original order and concluded that the rectification order was unsustainable under the law. The appeal was allowed, setting aside the order passed by the CIT(A). Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300618