Assessing Officer's failure to issue a speaking order u/s 154 leads to improper rejection of rectification application.

Assessing Officer's failure to issue a speaking order u/s 154 leads to improper rejection of rectification application. https://www.taxtmi.com/highlights?id=25309 Rectification of mistake - AO has not disposed of the application filed u/s 154 by passing speaking order. - Thus, the rejection of succeeding application is not proper on the ground that these rectification applications were filed after four years from the end of the financial year in which the order was passed. - AT en-us Wed, 14 Oct 2015 07:55:25 +0530 Wed, 14 Oct 2015 07:55:25 +0530 TaxTMI RSS Generator Assessing Officer's failure to issue a speaking order u/s 154 leads to improper rejection of rectification application. https://www.taxtmi.com/highlights?id=25309 Rectification of mistake - AO has not disposed of the application filed u/s 154 by passing speaking order. - Thus, the rejection of succeeding application is not proper on the ground that these rectification applications were filed after four years from the end of the financial year in which the order was passed. - AT Highlights Income Tax Wed, 14 Oct 2015 07:55:25 +0530 https://www.taxtmi.com/highlights?id=25309