https://www.taxtmi.com/highlights?id=62114 Rectification of mistake u/s 154 - Disallowing Derivatives F & O loss and Speculation profit - The appellant sought to claim a deduction by way of a letter before the Assessing Officer. The deduction was disallowed by the Assessing Officer on the ground that there was no provision under the Income-tax Act to make amendment in the return of income by filing an application at the assessment stage without revising the return. - Action of AO confirmed - AT en-us Thu, 24 Feb 2022 07:13:39 +0530 Thu, 24 Feb 2022 07:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62114 Rectification of mistake u/s 154 - Disallowing Derivatives F & O loss and Speculation profit - The appellant sought to claim a deduction by way of a letter before the Assessing Officer. The deduction was disallowed by the Assessing Officer on the ground that there was no provision under the Income-tax Act to make amendment in the return of income by filing an application at the assessment stage without revising the return. - Action of AO confirmed - AT Highlights Income Tax Thu, 24 Feb 2022 07:13:39 +0530 https://www.taxtmi.com/highlights?id=62114