Section 154 Application can’t be rejected when mistake is apparent from record

Apex Tubes Pvt. Ltd. Vs ITO (ITAT Delhi) The issue under consideration is whether rejecting the application under section 154 of the act of the assessee is justified in law? In the present case, the assessee is constantly saying that there is an error in the value of fringe benefits shown by the assessee in the income tax return of income in part C computation of fringe benefits and fringe benefit tax. The total of four quarters is ₹ 287,6,308/– however the assessee has put a figure of total of fringe benefits as 5,09,560. Hence the assessee filed an application under section 154 for recti...