S. 154 : Rectification of mistake-Expenditure on account of stores and spares-Omission to make addition in the assessment order-Income assessed as income from other sources and not as business income-Rectification is held to be valid. [S. 28(1), 37(1), 56]
PTL Enterprises Ltd. v Dy. CIT (2022) 443 ITR 260 / 326 CTR 858 / 286 Taxman 564 / 214 DTR 233(SC) Editorial : Decision in PTL Enterprises Ltd. v. Dy.CIT (2021) 439 ITR 365 / (2022) 212 DTR 404 / 326 CTR 282 / 286 Taxman 169 (Ker.)(HC) affirmed.