https://www.taxtmi.com/caselaws?id=56653 The Tribunal upheld the order of the Appellate Authority Commissioner (AAC) dismissing the appeal against the Income Tax Officer's (ITO) decision under section 154 of the Income-tax Act, 1961. The assessee's claim for rectification based on subsequent events and Supreme Court precedents was rejected. The Tribunal emphasized the necessity of providing proper evidence for deductions and ruled that the mere observation by the AAC was insufficient to warrant rectification without relevant material during the original assessment. The appeal was dismissed, affirming the AAC's decision. en-us Tue, 16 Mar 1982 00:00:00 +0530 Mon, 06 Dec 2010 11:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56653 The Tribunal upheld the order of the Appellate Authority Commissioner (AAC) dismissing the appeal against the Income Tax Officer's (ITO) decision under section 154 of the Income-tax Act, 1961. The assessee's claim for rectification based on subsequent events and Supreme Court precedents was rejected. The Tribunal emphasized the necessity of providing proper evidence for deductions and ruled that the mere observation by the AAC was insufficient to warrant rectification without relevant material during the original assessment. The appeal was dismissed, affirming the AAC's decision. Case-Laws Income Tax Tue, 16 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56653