https://www.taxtmi.com/caselaws?id=762406 The Telangana HC upheld the disallowance under Section 14A limited to Rs.2,77,80,538, ruling it was not an assessment enhancement. The court held that the first appellate authority's omission to consider the disallowance amount was properly rectified by the Commissioner under Section 154. The appellant's contention that Section 14A provisions were inapplicable was rejected, as the assessee had submitted three interest calculations and accepted the disallowance. The court emphasized that rectification of obvious errors through due procedure is permissible, and substantial questions of law were decided against the assessee. en-us Thu, 28 Nov 2024 00:00:00 +0530 Sat, 30 Nov 2024 08:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762406 The Telangana HC upheld the disallowance under Section 14A limited to Rs.2,77,80,538, ruling it was not an assessment enhancement. The court held that the first appellate authority's omission to consider the disallowance amount was properly rectified by the Commissioner under Section 154. The appellant's contention that Section 14A provisions were inapplicable was rejected, as the assessee had submitted three interest calculations and accepted the disallowance. The court emphasized that rectification of obvious errors through due procedure is permissible, and substantial questions of law were decided against the assessee. Case-Laws Income Tax Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762406