https://www.taxtmi.com/caselaws?id=240395 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection regarding rectification proceedings under Section 154 of the Income Tax Act, 1961. It held that the rectification was lawful, procedural defects were curable, and the assessee had sufficient opportunity to present its case. The Tribunal emphasized the limited scope of Section 154 and upheld the validity of the reference to the Valuation Officer under Section 55A. The decision was pronounced on November 20, 2013. en-us Wed, 20 Nov 2013 00:00:00 +0530 Tue, 03 Dec 2013 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240395 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection regarding rectification proceedings under Section 154 of the Income Tax Act, 1961. It held that the rectification was lawful, procedural defects were curable, and the assessee had sufficient opportunity to present its case. The Tribunal emphasized the limited scope of Section 154 and upheld the validity of the reference to the Valuation Officer under Section 55A. The decision was pronounced on November 20, 2013. Case-Laws Income Tax Wed, 20 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240395