https://www.taxtmi.com/caselaws?id=420833 The tribunal allowed the appeal, ruling that the rectification under section 154 was not justified as it required a detailed analysis of facts beyond the scope of correcting clear mistakes apparent from the record. The reclassification of the sold land as a short-term asset and withdrawal of exemption under section 54F were deemed inappropriate. The primary issue of jurisdiction under section 154 was decisive, leading to the appeal being allowed in favor of the assessee. en-us Fri, 08 Apr 2022 00:00:00 +0530 Mon, 11 Apr 2022 08:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420833 The tribunal allowed the appeal, ruling that the rectification under section 154 was not justified as it required a detailed analysis of facts beyond the scope of correcting clear mistakes apparent from the record. The reclassification of the sold land as a short-term asset and withdrawal of exemption under section 54F were deemed inappropriate. The primary issue of jurisdiction under section 154 was decisive, leading to the appeal being allowed in favor of the assessee. Case-Laws Income Tax Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420833