https://www.taxtmi.com/caselaws?id=470308 A miscellaneous application seeking reconsideration of evidence on loan creditors' creditworthiness and transaction genuineness does not identify an apparent mistake rectifiable under Section 254 of the Income-tax Act. The material had already been evaluated, including lenders' lack of returned income or income disproportionate to advances, minimal bank balances, and immediate transfers of recently credited funds to the assessee. Reassessment of those findings amounts to an impermissible review rather than rectification. Accordingly, the addition under Section 68 remains undisturbed. en-us Wed, 30 Apr 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470308 A miscellaneous application seeking reconsideration of evidence on loan creditors' creditworthiness and transaction genuineness does not identify an apparent mistake rectifiable under Section 254 of the Income-tax Act. The material had already been evaluated, including lenders' lack of returned income or income disproportionate to advances, minimal bank balances, and immediate transfers of recently credited funds to the assessee. Reassessment of those findings amounts to an impermissible review rather than rectification. Accordingly, the addition under Section 68 remains undisturbed. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470308