https://www.taxtmi.com/caselaws?id=387145 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to quash the rectification order passed by the AO under section 154 of the IT Act. It was held that the AO's order lacked the necessary opportunity for the assessee to be heard and involved debatable issues, indicating that rectification under section 154 was not appropriate. The Tribunal emphasized the distinction between rectifying mistakes apparent from the record and addressing complex, debatable matters, affirming the need for proper application of the relevant provisions in tax matters. en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387145 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to quash the rectification order passed by the AO under section 154 of the IT Act. It was held that the AO's order lacked the necessary opportunity for the assessee to be heard and involved debatable issues, indicating that rectification under section 154 was not appropriate. The Tribunal emphasized the distinction between rectifying mistakes apparent from the record and addressing complex, debatable matters, affirming the need for proper application of the relevant provisions in tax matters. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387145