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TMI Blog2007 (2) TMI 209X X X X Extracts X X X X X X X X Extracts X X X X ..... s by the Revenue relating to the assessment year 1989-90. The issue raised herein relates to the rectification of assessment under section 143(1)(a). It is seen that the assessing authority went in for rectification of the assessment under section 154 in respect of sale consideration of land and building not credited to the profit and loss account but directly taken to the general reserve account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e circumstances, the appellate authority held that the officer could not rectify the order under section 154 as a mistake apparent on the face of the record. He directed the authority to reduce the income under section 154 by Rs. 2.60 crores. Thus, he allowed the appeal. The Revenue went on appeal to the Tribunal. On a perusal of the factual details, the Tribunal came to the conclusion that the i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R 540 (Mad)), following the decision of this court in CIT v. Nameel Leathers and Uppers [2005] 273 ITR 350, on the scope of section 143(1)(a) with reference to jurisdiction available under section 154 of the Act, we do not find any justification in accepting the plea of the Revenue. Consequently, this appeal is dismissed on the ground that no substantial question of law arises for admitting this c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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