While elaborating the Income Tax Appellate Tribunal’s (ITAT) powers under section 254(2) of the Income Tax Act, 1961, the Mumbai bench of the Tribunal has held that such powers cannot be invoked in cases where the decision was rendered on a debatable issue. According to the two-judge bench, the Tribunal cannot re-adjudicate such matters for […]
The post A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/37MGVbB
No comments:
Post a Comment