https://www.taxtmi.com/caselaws?id=470391 Rectification may address an appellate order's incorrect premise on the applicability of book-profit provisions and its failure to adjudicate specifically raised grounds evident from the record. Grounds concerning IBNR and IBNER provisions and disallowance relating to exempt-income expenditure require fresh adjudication where omitted. Relief on disallowance of payments to motor vehicle dealers, allowed on identical facts for later assessment years, extends to the earlier assessment year when its exclusion resulted from an inadvertent limitation in the prior adjudication. The relevant appellate portions are recalled, and the earlier-year dealer-payment disallowance is deleted. en-us Wed, 29 Mar 2023 00:00:00 +0530 Sat, 25 Jul 2026 13:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470391 Rectification may address an appellate order's incorrect premise on the applicability of book-profit provisions and its failure to adjudicate specifically raised grounds evident from the record. Grounds concerning IBNR and IBNER provisions and disallowance relating to exempt-income expenditure require fresh adjudication where omitted. Relief on disallowance of payments to motor vehicle dealers, allowed on identical facts for later assessment years, extends to the earlier assessment year when its exclusion resulted from an inadvertent limitation in the prior adjudication. The relevant appellate portions are recalled, and the earlier-year dealer-payment disallowance is deleted. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470391