https://www.taxtmi.com/caselaws?id=434445 The Tribunal held that the Assessing Officer's application of Section 115BBE without initially invoking Sections 68 or 69 was unjustified. It was deemed a change of opinion rather than rectification of an apparent mistake under Section 154. The AO's failure to issue a show-cause notice for invoking Section 69 was against principles of natural justice. Consequently, the AO's order under Section 154 was quashed, and the assessee's appeal was allowed. en-us Wed, 22 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434445 The Tribunal held that the Assessing Officer's application of Section 115BBE without initially invoking Sections 68 or 69 was unjustified. It was deemed a change of opinion rather than rectification of an apparent mistake under Section 154. The AO's failure to issue a show-cause notice for invoking Section 69 was against principles of natural justice. Consequently, the AO's order under Section 154 was quashed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434445