https://www.taxtmi.com/caselaws?id=434713 The Tribunal allowed the appeal of the assessee in a case concerning the rectification of an intimation under section 143(1) of the Income Tax Act. The Tribunal found that the inclusion of tax-exempt income in the total income returned by the assessee could be rectified under section 154 of the Act. Clear mistakes were identified in the return, and the rectification sought by the assessee to exclude exempt income was deemed valid. The Tribunal directed the Assessing Officer to rectify the computation by excluding the exempt income and granting necessary relief to the assessee. en-us Tue, 28 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 08:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434713 The Tribunal allowed the appeal of the assessee in a case concerning the rectification of an intimation under section 143(1) of the Income Tax Act. The Tribunal found that the inclusion of tax-exempt income in the total income returned by the assessee could be rectified under section 154 of the Act. Clear mistakes were identified in the return, and the rectification sought by the assessee to exclude exempt income was deemed valid. The Tribunal directed the Assessing Officer to rectify the computation by excluding the exempt income and granting necessary relief to the assessee. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434713