https://www.taxtmi.com/caselaws?id=792513 Rectification under section 154 cannot be used to reclassify survey-disclosed receipts, already accepted in scrutiny assessment as business income, as unexplained income under section 69A read with section 115BBE. Where the character of receipts had been accepted after assessment under section 143(3), altering that view required fresh examination of facts and a reappraisal of the nature of the receipts, which falls outside the limited scope of rectification. A point requiring detailed reasoning or capable of more than one view is not a mistake apparent from the record. The ITAT held the rectification order unsustainable and upheld the assessee's treatment. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792513 Rectification under section 154 cannot be used to reclassify survey-disclosed receipts, already accepted in scrutiny assessment as business income, as unexplained income under section 69A read with section 115BBE. Where the character of receipts had been accepted after assessment under section 143(3), altering that view required fresh examination of facts and a reappraisal of the nature of the receipts, which falls outside the limited scope of rectification. A point requiring detailed reasoning or capable of more than one view is not a mistake apparent from the record. The ITAT held the rectification order unsustainable and upheld the assessee's treatment. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792513