https://www.taxtmi.com/caselaws?id=773898 The HC allowed the appeal, setting aside orders of the Assessing Officer, CIT (Appeals), and ITAT regarding rejection of appellant's Section 154 application. The Court found that income under "Profit and Gains from Business or Profession" was incorrectly shown as Rs. 35,09,675/- instead of 'Nil' in the intimation, constituting an apparent error on record. The Assessing Officer's rejection without considering merits was held perverse, as Section 154 empowers correction of obvious mistakes. Appellate authorities erred by upholding the flawed order without independent examination. The matter was remitted to Assessing Officer for fresh consideration on merits. en-us Tue, 06 May 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773898 The HC allowed the appeal, setting aside orders of the Assessing Officer, CIT (Appeals), and ITAT regarding rejection of appellant's Section 154 application. The Court found that income under "Profit and Gains from Business or Profession" was incorrectly shown as Rs. 35,09,675/- instead of 'Nil' in the intimation, constituting an apparent error on record. The Assessing Officer's rejection without considering merits was held perverse, as Section 154 empowers correction of obvious mistakes. Appellate authorities erred by upholding the flawed order without independent examination. The matter was remitted to Assessing Officer for fresh consideration on merits. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773898