https://www.taxtmi.com/caselaws?id=437981 The Tribunal upheld the CIT(A)'s decision and the AO's rectification under Section 154, ruling that there was no change of opinion but a valid substitution of the last assessed income. It was determined that the same amount could not be taxed in two different assessment years, yet the addition in AY 2016-17 was deemed appropriate while the matter remained pending before the CIT(A). en-us Thu, 11 May 2023 00:00:00 +0530 Fri, 19 May 2023 09:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437981 The Tribunal upheld the CIT(A)'s decision and the AO's rectification under Section 154, ruling that there was no change of opinion but a valid substitution of the last assessed income. It was determined that the same amount could not be taxed in two different assessment years, yet the addition in AY 2016-17 was deemed appropriate while the matter remained pending before the CIT(A). Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437981