https://www.taxtmi.com/caselaws?id=429962 The court quashed the incorrect rectification order dated 15th February 2021, finding it was not based on a mistake apparent on record. The court directed reconsideration of the application for settlement under the DTVSV Scheme, setting aside the rejection and ordering determination of the payable amount within two weeks. The modification of the assessment order was deemed illegal as it solely relied on audit objections. The court emphasized that audit objections cannot be the basis for reassessment and that the bar under Section 5 of the Act of 2020 did not apply in this case. en-us Wed, 02 Nov 2022 00:00:00 +0530 Mon, 16 Jan 2023 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429962 The court quashed the incorrect rectification order dated 15th February 2021, finding it was not based on a mistake apparent on record. The court directed reconsideration of the application for settlement under the DTVSV Scheme, setting aside the rejection and ordering determination of the payable amount within two weeks. The modification of the assessment order was deemed illegal as it solely relied on audit objections. The court emphasized that audit objections cannot be the basis for reassessment and that the bar under Section 5 of the Act of 2020 did not apply in this case. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429962