https://www.taxtmi.com/caselaws?id=403092 The ITAT Mumbai annulled the CIT(A)'s order regarding the rectification of an assessment year 2010-11 case. The ITAT held that the CIT(A) exceeded its authority by directing the AO to refer the asset's valuation to a Valuation Officer, leading to the annulment of the CIT(A)'s order and allowing the appeal by the assessee. The ITAT found no mistake in the original order and dismissed the MA as lacking merit, as the relevant provisions of the Act were adhered to in the decision-making process. en-us Mon, 18 Jan 2021 00:00:00 +0530 Tue, 19 Jan 2021 10:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403092 The ITAT Mumbai annulled the CIT(A)'s order regarding the rectification of an assessment year 2010-11 case. The ITAT held that the CIT(A) exceeded its authority by directing the AO to refer the asset's valuation to a Valuation Officer, leading to the annulment of the CIT(A)'s order and allowing the appeal by the assessee. The ITAT found no mistake in the original order and dismissed the MA as lacking merit, as the relevant provisions of the Act were adhered to in the decision-making process. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403092