Income Tax Order u/s 154 Overturned Due to Debatable Issue on Directors' Residential Electricity Expenses.

Rectification of order - AO enhanced the assessment by making additions in regard to claim of expenditure pertaining to electricity bills of the residence of the directors of the company, which cannot be said to be a mistake apparent from record and order u/s 154 of the Act is not sustainable on debatable issue - AT .....

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