https://www.taxtmi.com/caselaws?id=787624 Rectification under Section 154 was contested where a CPC-issued rectification altered refund/credit and raised a demand; the Tribunal found conflicting intimation and rectification entries and refused to sustain a demand without factual verification. The legal principle applied requires inquiry into whether an excess refund was actually issued before permitting a rectification demand to stand; accordingly the matter was restored to the assessing officer for de novo verification of refund records. Outcome: if verification shows no excess refund, the demand must be withdrawn; the appeal is partly allowed to that extent. en-us Fri, 06 Mar 2026 00:00:00 +0530 Tue, 10 Mar 2026 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787624 Rectification under Section 154 was contested where a CPC-issued rectification altered refund/credit and raised a demand; the Tribunal found conflicting intimation and rectification entries and refused to sustain a demand without factual verification. The legal principle applied requires inquiry into whether an excess refund was actually issued before permitting a rectification demand to stand; accordingly the matter was restored to the assessing officer for de novo verification of refund records. Outcome: if verification shows no excess refund, the demand must be withdrawn; the appeal is partly allowed to that extent. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787624