https://www.taxtmi.com/caselaws?id=311221 The HC held that the Tribunal's decision to reverse the Commissioner of Income Tax (Appeals) order and restore the addition made in the assessment due to an arithmetical mistake was incorrect. The Court found that the assessee provided a valid explanation supported by a rectified Tax Audit Report and auditor's certificate. The Tribunal's failure to consider the timely explanation and factual position led to the Court allowing the assessee's appeal and restoring the Commissioner of Income Tax (Appeals) order. en-us Tue, 07 Feb 2023 00:00:00 +0530 Thu, 14 Dec 2023 08:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311221 The HC held that the Tribunal's decision to reverse the Commissioner of Income Tax (Appeals) order and restore the addition made in the assessment due to an arithmetical mistake was incorrect. The Court found that the assessee provided a valid explanation supported by a rectified Tax Audit Report and auditor's certificate. The Tribunal's failure to consider the timely explanation and factual position led to the Court allowing the assessee's appeal and restoring the Commissioner of Income Tax (Appeals) order. Case-Laws Income Tax Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311221