2024 (3) TMI 1355 - HC - Income Tax

Rectification application u/s 154 - mistake apparent on the record - appellant assails the invocation of powers u/s 154 to contend that mere non-reference to a binding verdict would not amount to a rectifiable error. HELD THAT - We consequently admit this appeal on the following question of law (i) Whether a debatable question of law, which calls for a detailed inquiry/investigation/discussion fall within the category of mistake apparent on the record as is used in Section 154 of the Act? Let the matter be called again on 15.07.2024.

Summary

The High Court of Delhi allowed the application subject to exceptions. The appeal under ITA 191/2024 was admitted for consideration of whether a debatable question of law falls under the category of "mistake apparent on the record" as per Section 154 of the Income Tax Act, 1961. The matter is scheduled to be called again on 15.07.2024.