https://www.taxtmi.com/caselaws?id=418171 The Tribunal ruled in favor of the assessee, setting aside the Commissioner of Income Tax (Appeals)' decision and quashing the Assessing Officer's order disallowing bonus payments under Section 40A(3) of the Income Tax Act through a Section 154 order. The Tribunal emphasized that only mistakes apparent from the record can be rectified under Section 154, and exceptions under Rule 6DD of the Income Tax Rules apply to cash payment limits. The appeal was allowed, and the disallowance was vacated, highlighting the importance of rectifying only evident mistakes under the Act. en-us Fri, 24 Dec 2021 00:00:00 +0530 Thu, 10 Feb 2022 08:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418171 The Tribunal ruled in favor of the assessee, setting aside the Commissioner of Income Tax (Appeals)' decision and quashing the Assessing Officer's order disallowing bonus payments under Section 40A(3) of the Income Tax Act through a Section 154 order. The Tribunal emphasized that only mistakes apparent from the record can be rectified under Section 154, and exceptions under Rule 6DD of the Income Tax Rules apply to cash payment limits. The appeal was allowed, and the disallowance was vacated, highlighting the importance of rectifying only evident mistakes under the Act. Case-Laws Income Tax Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418171