https://www.taxtmi.com/caselaws?id=437403 The court dismissed the claim that a rectification order was time-barred as it was within the 4 years' limit from the related intimation date, not the assessment order date. The addition of Rs. 24,15,000 made through the rectification order was quashed as the AO's intention for a 5% disallowance lacked evidence, and the initial addition of Rs. 2,68,197 was considered reasonable based on past assessments. The appeal was partly allowed in favor of the assessee. en-us Tue, 18 Apr 2023 00:00:00 +0530 Fri, 05 May 2023 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437403 The court dismissed the claim that a rectification order was time-barred as it was within the 4 years' limit from the related intimation date, not the assessment order date. The addition of Rs. 24,15,000 made through the rectification order was quashed as the AO's intention for a 5% disallowance lacked evidence, and the initial addition of Rs. 2,68,197 was considered reasonable based on past assessments. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437403