https://www.taxtmi.com/caselaws?id=780866 ITAT MUMBAI - AT held that the addition of Rs. 57,21,300 made by CPC under intimation u/s 143(1)(a)(ii) is based on an inadvertent arithmetical error in the first Form 10B and must be deleted; the assessee's corrected Form 10B (showing deemed income u/s 11(3) of Rs. 2,06,06,960) is accepted. The alternate contention that Form 10B applicability cannot be negated due to the Rs.5 crore threshold also succeeds, since Rule 17B excludes deemed income under section 11 from that limit. AO directed to delete the addition in light of Form 10BB disclosures. en-us Wed, 22 Oct 2025 00:00:00 +0530 Thu, 06 Nov 2025 10:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780866 ITAT MUMBAI - AT held that the addition of Rs. 57,21,300 made by CPC under intimation u/s 143(1)(a)(ii) is based on an inadvertent arithmetical error in the first Form 10B and must be deleted; the assessee's corrected Form 10B (showing deemed income u/s 11(3) of Rs. 2,06,06,960) is accepted. The alternate contention that Form 10B applicability cannot be negated due to the Rs.5 crore threshold also succeeds, since Rule 17B excludes deemed income under section 11 from that limit. AO directed to delete the addition in light of Form 10BB disclosures. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780866