https://www.taxtmi.com/caselaws?id=313984 ITAT Pune rejected the assessee's rectification application under section 254. The tribunal had previously denied section 80IB deduction for non-filing of valid section 139(1) return. The assessee failed to demonstrate any apparent mistake within the tribunal's limited rectification jurisdiction as established by SC precedents in Saurashtra Kutch Stock Exchange and Reliance Telecom cases. The tribunal emphasized that rectification is confined to correcting apparent mistakes, not conducting roving enquiries, and rejected arguments citing CPC provisions as inapplicable to Income Tax Act. en-us Mon, 31 Jul 2023 00:00:00 +0530 Sat, 11 May 2024 08:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313984 ITAT Pune rejected the assessee's rectification application under section 254. The tribunal had previously denied section 80IB deduction for non-filing of valid section 139(1) return. The assessee failed to demonstrate any apparent mistake within the tribunal's limited rectification jurisdiction as established by SC precedents in Saurashtra Kutch Stock Exchange and Reliance Telecom cases. The tribunal emphasized that rectification is confined to correcting apparent mistakes, not conducting roving enquiries, and rejected arguments citing CPC provisions as inapplicable to Income Tax Act. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313984