https://www.taxtmi.com/caselaws?id=425304 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to reject the rectification application challenging the inclusion of a write-back amount in the assessee's income for AY 2010-11. The Tribunal emphasized the limited scope of Section 154 of the Income Tax Act, stating that without concrete evidence, the income could not be excluded from computation. As there was no proof of a disallowance in the previous year, the alleged error did not qualify as a mistake apparent from the record. Consequently, the Tribunal dismissed the appeal of the assessee, affirming the decision of the CIT(A). en-us Mon, 18 Jul 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425304 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to reject the rectification application challenging the inclusion of a write-back amount in the assessee's income for AY 2010-11. The Tribunal emphasized the limited scope of Section 154 of the Income Tax Act, stating that without concrete evidence, the income could not be excluded from computation. As there was no proof of a disallowance in the previous year, the alleged error did not qualify as a mistake apparent from the record. Consequently, the Tribunal dismissed the appeal of the assessee, affirming the decision of the CIT(A). Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425304