https://www.taxtmi.com/caselaws?id=757223 ITAT Nagpur dismissed the assessee's appeal challenging CPC's addition under section 154. The assessee claimed agricultural income exemption of Rs. 1,15,69,580 but failed to report it in Schedule EI of the return. CPC correctly processed the return under section 143(1)(a)(ii) and made adjustment due to inconsistent claim. The assessee did not respond to proposed adjustment within 30 days nor filed revised return under section 139(5). ITAT held rectification under section 154 has narrow scope, and since assessee conceded the mistake before CIT(A), no arguable case remained. Appeal dismissed. en-us Wed, 14 Aug 2024 00:00:00 +0530 Tue, 20 Aug 2024 08:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757223 ITAT Nagpur dismissed the assessee's appeal challenging CPC's addition under section 154. The assessee claimed agricultural income exemption of Rs. 1,15,69,580 but failed to report it in Schedule EI of the return. CPC correctly processed the return under section 143(1)(a)(ii) and made adjustment due to inconsistent claim. The assessee did not respond to proposed adjustment within 30 days nor filed revised return under section 139(5). ITAT held rectification under section 154 has narrow scope, and since assessee conceded the mistake before CIT(A), no arguable case remained. Appeal dismissed. Case-Laws Income Tax Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757223