https://www.taxtmi.com/caselaws?id=376889 The Tribunal allowed the appeals of the assessees, holding that the Assessing Officer had exceeded jurisdiction under section 154 of the Income Tax Act. The Tribunal found that there was no clear error in the record to invoke section 154 and that the application of section 167B for taxing the Association of Persons at the maximum marginal rate was premature. The judgment emphasized the importance of a mistake being clear and not subject to debate before invoking section 154 and the need for a proper examination before applying tax provisions such as section 167B. en-us Fri, 15 Mar 2019 00:00:00 +0530 Mon, 18 Mar 2019 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376889 The Tribunal allowed the appeals of the assessees, holding that the Assessing Officer had exceeded jurisdiction under section 154 of the Income Tax Act. The Tribunal found that there was no clear error in the record to invoke section 154 and that the application of section 167B for taxing the Association of Persons at the maximum marginal rate was premature. The judgment emphasized the importance of a mistake being clear and not subject to debate before invoking section 154 and the need for a proper examination before applying tax provisions such as section 167B. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376889