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Income Tax - Highlights / Catch Notes

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Rectification of mistake - investments made u/s 54EC - original ...


Assessing Officer's Rectification Order u/s 154 Deemed Illegal; Original Section 54EC Assessment Stands Valid.

January 30, 2017

Case Laws     Income Tax     AT

Rectification of mistake - investments made u/s 54EC - original assessment order passed by the AO is proper and it does not call for any rectification. Consequently, the rectification order passed by the AO u/s 154 suffers from illegality. - AT

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