https://www.taxtmi.com/caselaws?id=428428 The Tribunal allowed the appeal, overturning the rejection of the rectification petition under section 154 of the Income Tax Act for a typographical error in the income tax return. The Assessee's argument that the error was genuine and did not involve new claims or deductions was accepted. The Tribunal emphasized the importance of considering evidence such as Form No. 16 and bank statements to support the correct income. The decision highlighted the need to rectify apparent mistakes without arbitrariness, ultimately directing the deletion of the additions made in the Assessee's assessment. en-us Wed, 28 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428428 The Tribunal allowed the appeal, overturning the rejection of the rectification petition under section 154 of the Income Tax Act for a typographical error in the income tax return. The Assessee's argument that the error was genuine and did not involve new claims or deductions was accepted. The Tribunal emphasized the importance of considering evidence such as Form No. 16 and bank statements to support the correct income. The decision highlighted the need to rectify apparent mistakes without arbitrariness, ultimately directing the deletion of the additions made in the Assessee's assessment. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428428