Working capital adjustment, comparable selection and trade receivables interest were revisited in transfer pricing, with key additions deleted and rem...
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Rectification under section 154 cannot be used to reopen a claim on surcharge and education cess under the India-USA DTAA once the issue has already been decided in a speaking appellate order. The Tribunal held that this was not a mistake apparent from the record, because section 154 does not permit reappreciation or modification of a concluded issue. It also noted that the jurisdictional High Court had taken the same view against the assessee. The rectification order was therefore upheld and the assessee's challenge failed.
Rectification under section 154 cannot be used to reopen a claim on surcharge and education cess under the India-USA DTAA once the issue has already been decided in a speaking appellate order. The Tribunal held that this was not a mistake apparent from the record, because section 154 does not permit reappreciation or modification of a concluded issue. It also noted that the jurisdictional High Court had taken the same view against the assessee. The rectification order was therefore upheld and the assessee's challenge failed.
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