ITAT dismissed the Revenue's appeal regarding rectification u/s ...

Income Tax Deduction Claim Upheld: ITAT Rejects Revenue's Appeal for Rectification Under Section 154

April 18, 2025

Case Laws Income Tax AT

ITAT dismissed the Revenue's appeal regarding rectification u/s 154, finding no prima facie mistake apparent from records. The tribunal concluded that the deduction u/s 80IA(12A) was comprehensively examined by CIT(A), and the provisions of section 154 could not be invoked to modify the assessee's claim. The AO was not justified in withdrawing the deduction claim under section 80IA(2A), and both legal grounds and case merits supported dismissal of the Revenue's appeal.

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ITAT dismissed the Revenue's appeal regarding rectification u/s ...

Income Tax Deduction Claim Upheld: ITAT Rejects Revenue's Appeal for Rectification Under Section 154

April 18, 2025

Case Laws Income Tax AT

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