Rectification of mistake u/s 254 - dismissal of Revenue’s appeal ...

Tribunal Overlooks CBDT Circular Provision, Dismisses Revenue Appeal Despite Audit Objection Clause; Rectification Needed u/s 254.

August 6, 2019

Case Laws Income Tax AT

Rectification of mistake u/s 254 - dismissal of Revenue’s appeal for low tax effect - Tribunal failed to note that para 10(c) of CBDT Circular which state that Revenue would contest appeals in respect of orders which were the result of the Department’s acceptance of Revenue audit objections, even if the tax effect in such appeal is lower than the prescribed limit - mistake apparent on record

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Rectification of mistake u/s 254 - dismissal of Revenue’s appeal ...

Tribunal Overlooks CBDT Circular Provision, Dismisses Revenue Appeal Despite Audit Objection Clause; Rectification Needed u/s 254.

August 6, 2019

Case Laws Income Tax AT

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