https://www.taxtmi.com/caselaws?id=431760 The Tribunal allowed the appeal, directing the AO to delete the addition made due to a typing error in the tax audit report, granting deductions under Section 40b for salary and interest to partners. The decision emphasizes assessing real income and ensuring procedural fairness, citing leniency in condoning appeal delays and rectifying mistakes apparent from the record under Section 154. The Tribunal highlighted the importance of not mechanically rejecting rectification applications and ensuring substantive justice despite procedural lapses. en-us Wed, 14 Dec 2022 00:00:00 +0530 Wed, 21 Dec 2022 09:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431760 The Tribunal allowed the appeal, directing the AO to delete the addition made due to a typing error in the tax audit report, granting deductions under Section 40b for salary and interest to partners. The decision emphasizes assessing real income and ensuring procedural fairness, citing leniency in condoning appeal delays and rectifying mistakes apparent from the record under Section 154. The Tribunal highlighted the importance of not mechanically rejecting rectification applications and ensuring substantive justice despite procedural lapses. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431760