https://www.taxtmi.com/caselaws?id=792549 Rectification under section 154 was held unavailable to substitute the concessional tax regime under section 115BAA where Form 10IC had not been filed with the return of income. The intimation under section 143(1) applied the normal tax rate on that basis, and the omission did not constitute a mistake apparent from the record for section 154 purposes. The argument that adjustment under section 143(1) required prior opportunity was not examined. The rectification claim was therefore rejected and the denial of relief sustained in favour of the Revenue. en-us Thu, 23 Apr 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792549 Rectification under section 154 was held unavailable to substitute the concessional tax regime under section 115BAA where Form 10IC had not been filed with the return of income. The intimation under section 143(1) applied the normal tax rate on that basis, and the omission did not constitute a mistake apparent from the record for section 154 purposes. The argument that adjustment under section 143(1) required prior opportunity was not examined. The rectification claim was therefore rejected and the denial of relief sustained in favour of the Revenue. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792549