Monday, July 27, 2020

Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has recently held that a decision based on a debatable point of view cannot be treated as a mistake apparent from the record, against which, the power of rectification under section 154 of the Income Tax Act, 1961. The Assessing Officer, while completing the assessment proceedings against […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3hRbwKD

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