Enhancing Book Profit for amount disallowed u/s14A not a mistake apparent on record, cannot be rectified by Rectification Order: ITAT [Read Order]

rectification - order - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Enhancing book profit for amount disallowed under Section 14A of the Income Tax, 1961 is not a mistake apparent on record, cannot be rectified by rectification order. The assessee, M/s. Manyata Promoters Pvt Ltd is engaged in the business of development and lease of office…

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