https://www.taxtmi.com/caselaws?id=446964 The assessee's claim that income shown as dividend was actually exempt interest required factual verification, because the taxability question depended on whether the receipts were interest from investments in government companies and covered by Section 10 of the Income-tax Act, 1961. The earlier treatment under Section 143(1) and refusal to rectify under Section 154 was based on the view that the alleged correction was not an obvious or patent mistake. As the issue turned on examination of holding statements and supporting details, the matter was remitted for reconsideration and verification, with relief to follow if the exempt-income claim was established. en-us Wed, 13 Dec 2023 00:00:00 +0530 Fri, 15 Dec 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446964 The assessee's claim that income shown as dividend was actually exempt interest required factual verification, because the taxability question depended on whether the receipts were interest from investments in government companies and covered by Section 10 of the Income-tax Act, 1961. The earlier treatment under Section 143(1) and refusal to rectify under Section 154 was based on the view that the alleged correction was not an obvious or patent mistake. As the issue turned on examination of holding statements and supporting details, the matter was remitted for reconsideration and verification, with relief to follow if the exempt-income claim was established. Case-Laws Income Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446964