Dismissing the appeal of the Revenue the Court held that, there was no mistake apparent on record, as Assessing Officer had initially accepted assessee’s explanation. When the Assessing Officer had accepted contention of assessee while framing regular assessment, there was no mistake apparent on record. (AY. 2011-12)
PCIT v. Pravinbhai Jayantibhai Kapasi (2023) 295 Taxman 169 (Guj.)(HC)
S. 154 : Rectification of mistake-Mistake apparent from the record-Search and seizure-Cash found-Reflected in the books of account-Order of Tribunal quashing the rectification order passed by the Assessing Officer is affirmed.[S. 69A, 132, 143(3)]