https://www.taxtmi.com/caselaws?id=770813 The ITAT Jaipur held that the CPC lacks power to change an assessee's option from normal tax rate to special rate under section 115BAA when processing returns under section 143(1)(a). The assessee had indicated "No" for section 115BAA benefit in their ITR, but CPC changed it to "Yes." The tribunal ruled this adjustment exceeded CPC's statutory powers, citing precedent from Rajasthan HC. Since the error was apparent on record, it was rectifiable under section 154. The tribunal directed the AO to give effect to the assessee's application and allowed the appeal. en-us Thu, 08 May 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770813 The ITAT Jaipur held that the CPC lacks power to change an assessee's option from normal tax rate to special rate under section 115BAA when processing returns under section 143(1)(a). The assessee had indicated "No" for section 115BAA benefit in their ITR, but CPC changed it to "Yes." The tribunal ruled this adjustment exceeded CPC's statutory powers, citing precedent from Rajasthan HC. Since the error was apparent on record, it was rectifiable under section 154. The tribunal directed the AO to give effect to the assessee's application and allowed the appeal. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770813