Read all Latest Updates on and about section 154 of the Income Tax Act

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Withdrawal of Interest on Refund u/s 244 A(2) is beyond the Scope of Rectification u/s 154: ITAT Quashes Order [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Bench Mumbai, has recently in a writ petition filed before it, held that the withdrawal of interest on...

Rectification proceedings cannot be invoked by AO in case of Debatable Issues: ITAT [Read Order]

Sale Tax Incentive Subsidy and Excise Duty Incentive are Capital Receipt, not chargeable to Tax:...

Delay in Filling Appeal can't be condoned when Assessee failed to explain cause: ITAT [Read Order]

SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing...

ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a delay of four years in filing a rectification application under section 154 of the Income Tax Act, 1961 finding...

Disallowance can't be a 'Mistake' to be rectified u/s 154 of the Income Tax Act: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing an appeal filed by the Union of India, held that a disallowance cannot be rectified through an application filed under...

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...

Applying Individual Tax Rates to AOP can’t be rectified by Invoking S. 154: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that applying individual tax rates to the AOP is not a mistake apparent on the face of the record and therefore, it cannot be...

A Debatable Issue can’t be rectified u/s 154: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Cochin bench has held that a debatable issue cannot be treated as a mistake apparent on the face of the record for rectification under Section 154 of the...

Assessment Order inconsistent with a Binding Precedent can be rectified by invoking S. 154: Calcutta High Court [Read Judgment]

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...

HUF can’t be a Working Partner in Firm: ITAT upholds Rectification Order [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer had rightly invoked Section 154 of the Income Tax Act to disallow deduction since HUF cannot be treated...

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