https://www.taxtmi.com/caselaws?id=762735 The Appellate Tribunal dismissed the Assessee's appeal, affirming the decisions of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) [CIT(A)] regarding the disallowance of the claim for interest on the construction of a house property. The Tribunal emphasized that rectification under section 154 requires a mistake apparent from the record, and since the original tax return lacked the necessary details, the rectification request was correctly denied. The Tribunal upheld the principle that rectification cannot rely on information not present in the original return, thereby supporting the actions of the lower authorities. en-us Wed, 04 Dec 2024 00:00:00 +0530 Thu, 05 Dec 2024 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762735 The Appellate Tribunal dismissed the Assessee's appeal, affirming the decisions of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) [CIT(A)] regarding the disallowance of the claim for interest on the construction of a house property. The Tribunal emphasized that rectification under section 154 requires a mistake apparent from the record, and since the original tax return lacked the necessary details, the rectification request was correctly denied. The Tribunal upheld the principle that rectification cannot rely on information not present in the original return, thereby supporting the actions of the lower authorities. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762735