https://www.taxtmi.com/caselaws?id=27263 The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, ruling that the assessing officer's rectification order under s. 154 of the Income Tax Act was not justified as it exceeded jurisdiction and did not constitute a glaring mistake. The judgment emphasized the rectifiability of apparent legal mistakes in tax assessments under s. 154 based on established legal principles and precedents. The application under s. 256(2) was allowed, directing the Tribunal to refer a specific question on the failure to deny exemptions despite the provisions of s. 13(1)(c)/13(2)(a) being applicable. en-us Mon, 06 May 1985 00:00:00 +0530 Thu, 11 Feb 2010 17:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27263 The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, ruling that the assessing officer's rectification order under s. 154 of the Income Tax Act was not justified as it exceeded jurisdiction and did not constitute a glaring mistake. The judgment emphasized the rectifiability of apparent legal mistakes in tax assessments under s. 154 based on established legal principles and precedents. The application under s. 256(2) was allowed, directing the Tribunal to refer a specific question on the failure to deny exemptions despite the provisions of s. 13(1)(c)/13(2)(a) being applicable. Case-Laws Income Tax Mon, 06 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27263