https://www.taxtmi.com/caselaws?id=444477 The appeal was allowed by the ITAT Jodhpur, remanding the case to the AO for rectification. The tribunal recognized a rectifiable mistake in the audit report, not the return, leading to the discrepancy in the claimed accumulation amount. The decision was based on the principle that the intimation under section 143(1) did not constitute an assessment, and no contrary evidence was presented. The AO was directed to amend the intimation under section 143(1) accordingly, addressing the appellant's grounds. en-us Fri, 13 Oct 2023 00:00:00 +0530 Tue, 17 Oct 2023 08:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444477 The appeal was allowed by the ITAT Jodhpur, remanding the case to the AO for rectification. The tribunal recognized a rectifiable mistake in the audit report, not the return, leading to the discrepancy in the claimed accumulation amount. The decision was based on the principle that the intimation under section 143(1) did not constitute an assessment, and no contrary evidence was presented. The AO was directed to amend the intimation under section 143(1) accordingly, addressing the appellant's grounds. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444477