https://www.taxtmi.com/caselaws?id=770694 The SC/Tribunal examined multiple legal issues regarding income tax assessment procedures. The key ruling held that section 50C additions cannot be made during return processing under section 143(1)(a), and such substantive additions require proper assessment or appellate proceedings. The case was remitted to the CIT(A) for fresh adjudication, emphasizing procedural correctness and limited scope of rectification under section 154. en-us Tue, 13 May 2025 00:00:00 +0530 Wed, 14 May 2025 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770694 The SC/Tribunal examined multiple legal issues regarding income tax assessment procedures. The key ruling held that section 50C additions cannot be made during return processing under section 143(1)(a), and such substantive additions require proper assessment or appellate proceedings. The case was remitted to the CIT(A) for fresh adjudication, emphasizing procedural correctness and limited scope of rectification under section 154. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770694