https://www.taxtmi.com/highlights?id=72965 Determination of correct income - Scope of rectification u/s 154 - reduction in the income - If the contention of the revenue has to be accepted then the provisions of section 154(5) of the Act would become otiose. In any case, it is well settled that the revenue cannot be unjustly enriched and in genuine cases, the assessed income could very well go below the returned income. - AT en-us Wed, 08 Nov 2023 17:22:19 +0530 Wed, 08 Nov 2023 17:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72965 Determination of correct income - Scope of rectification u/s 154 - reduction in the income - If the contention of the revenue has to be accepted then the provisions of section 154(5) of the Act would become otiose. In any case, it is well settled that the revenue cannot be unjustly enriched and in genuine cases, the assessed income could very well go below the returned income. - AT Highlights Income Tax Wed, 08 Nov 2023 17:22:19 +0530 https://www.taxtmi.com/highlights?id=72965