WHETHER THE COMMISSIONER OF INCOME TAX IS EMPOWERED TO RECTIFY HIS OWN ORDER BASED ON SUBSEQUENT SUPREME COURT ORDER

WHETHER THE COMMISSIONER OF INCOME TAX IS EMPOWERED TO RECTIFY HIS OWN ORDER BASED ON SUBSEQUENT SUPREME COURT ORDER https://www.taxtmi.com/article/detailed?id=1530 Rectification under Section 154 is limited to correcting a mistake apparent from the record - an obvious, patent error discoverable without elaborate argument - and does not permit revisiting orders based on a subsequent change of judicial opinion; issues requiring legal analysis, factual reappraisal, or resolution of conflicting interpretations (such as classification of receipts or entitlement computations) are not rectifiable under Section 154. en-us Wed, 07 Dec 2011 12:55:58 +0530 Wed, 07 Dec 2011 12:55:58 +0530 TaxTMI RSS Generator WHETHER THE COMMISSIONER OF INCOME TAX IS EMPOWERED TO RECTIFY HIS OWN ORDER BASED ON SUBSEQUENT SUPREME COURT ORDER https://www.taxtmi.com/article/detailed?id=1530 Rectification under Section 154 is limited to correcting a mistake apparent from the record - an obvious, patent error discoverable without elaborate argument - and does not permit revisiting orders based on a subsequent change of judicial opinion; issues requiring legal analysis, factual reappraisal, or resolution of conflicting interpretations (such as classification of receipts or entitlement computations) are not rectifiable under Section 154. Articles Income Tax Wed, 07 Dec 2011 12:55:58 +0530 https://www.taxtmi.com/article/detailed?id=1530