https://www.taxtmi.com/caselaws?id=339250 The Tribunal held that the proceedings under Section 154 to withdraw the exemption claim under Section 54 were beyond the scope of the section. Relying on precedent, the Tribunal found that Section 154 cannot rectify debatable legal or factual issues. Consequently, the Tribunal allowed the assessee's appeal, deeming the rectification proceedings invalid. en-us Fri, 02 Dec 2016 00:00:00 +0530 Wed, 22 Feb 2017 18:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339250 The Tribunal held that the proceedings under Section 154 to withdraw the exemption claim under Section 54 were beyond the scope of the section. Relying on precedent, the Tribunal found that Section 154 cannot rectify debatable legal or factual issues. Consequently, the Tribunal allowed the assessee's appeal, deeming the rectification proceedings invalid. Case-Laws Income Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339250