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Income Tax - Highlights / Catch Notes

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Rectification of mistake u/s 154 - deduction u/s 80P - appeal of ...


Tribunal's Decision on Section 154 and Section 80P Needs Reconsideration After Larger Bench Overturns Initial High Court Order.

July 17, 2019

Case Laws     Income Tax     AT

Rectification of mistake u/s 154 - deduction u/s 80P - appeal of assessee was allowed following order of High Court, subsequently, that decision was reversed by the decision of larger bench - In the light of the Larger Bench judgment, the Tribunal order dated 29.11.2018, suffers from a mistake apparent on record and the same needs to be recalled

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