The Calcutta High Court recently held that an assessment order inconsistent with a binding precedent would amount to an error apparent on the record for the purpose of invoking rectification under section 154 of the Income Tax Act, 1961. The department invoked provisions of section 154 of the Act of 1961 in respect of the […]
The post Assessment Order inconsistent with a Binding Precedent can be rectified by invoking S. 154: Calcutta High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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