https://www.taxtmi.com/caselaws?id=467547 Rectification under section 154 was upheld where the assessment order itself treated the surrendered bank deposit as unexplained income liable to tax under section 115BBE, but the computation sheet applied normal rates; the correction was treated as an apparent computational mistake, not a debatable fresh issue. The surrendered amount was also held to be unexplained income, as the survey statement referred to undisclosed sources and no reliable evidence supported the claim of regular business income. However, the enhanced 60% rate under the amended section 115BBE was held inapplicable to the relevant year, and the pre-amendment 30% rate was directed to apply. en-us Wed, 25 Jun 2025 00:00:00 +0530 Mon, 23 Mar 2026 18:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467547 Rectification under section 154 was upheld where the assessment order itself treated the surrendered bank deposit as unexplained income liable to tax under section 115BBE, but the computation sheet applied normal rates; the correction was treated as an apparent computational mistake, not a debatable fresh issue. The surrendered amount was also held to be unexplained income, as the survey statement referred to undisclosed sources and no reliable evidence supported the claim of regular business income. However, the enhanced 60% rate under the amended section 115BBE was held inapplicable to the relevant year, and the pre-amendment 30% rate was directed to apply. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467547