https://www.taxtmi.com/caselaws?id=449385 The ITAT Delhi dismissed the assessee's appeal in rectification proceedings under section 154, holding that the CPC-AO did not commit any apparent error while making upward adjustments based on inadmissible expenses certified in the Tax Audit Report. The tribunal emphasized the narrow scope of section 154, noting that any position contrary to the Tax Audit Report would be subjective and outside the provision's purview. However, recognizing that the merits were not addressed, the tribunal granted liberty to the assessee to pursue appellate remedy against the original section 143(1) proceedings, directing the FAA to consider the assessee's bonafides while admitting any belated appeal. en-us Thu, 08 Feb 2024 00:00:00 +0530 Sat, 10 Feb 2024 07:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449385 The ITAT Delhi dismissed the assessee's appeal in rectification proceedings under section 154, holding that the CPC-AO did not commit any apparent error while making upward adjustments based on inadmissible expenses certified in the Tax Audit Report. The tribunal emphasized the narrow scope of section 154, noting that any position contrary to the Tax Audit Report would be subjective and outside the provision's purview. However, recognizing that the merits were not addressed, the tribunal granted liberty to the assessee to pursue appellate remedy against the original section 143(1) proceedings, directing the FAA to consider the assessee's bonafides while admitting any belated appeal. Case-Laws Income Tax Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449385