https://www.taxtmi.com/caselaws?id=340749 The High Court upheld the Tribunal's decision that the change of status of the assessee from a co-operative society to a company without a reasoned order was impermissible under the law. Issues regarding unrealized interest, disallowances under Section 154, rectification orders for bad debts, and deductions under Section 36(1)(viia) were deemed debatable and not suitable for rectification. The court emphasized that such issues should be addressed during regular assessments or reassessments, rather than through Section 154 rectifications. The application and appeal were dismissed as no substantial question of law was found. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 27 Mar 2017 07:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340749 The High Court upheld the Tribunal's decision that the change of status of the assessee from a co-operative society to a company without a reasoned order was impermissible under the law. Issues regarding unrealized interest, disallowances under Section 154, rectification orders for bad debts, and deductions under Section 36(1)(viia) were deemed debatable and not suitable for rectification. The court emphasized that such issues should be addressed during regular assessments or reassessments, rather than through Section 154 rectifications. The application and appeal were dismissed as no substantial question of law was found. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340749