https://www.taxtmi.com/caselaws?id=434401 The Tribunal held that the rectification order dated 27/03/2018 under section 154 of the Income Tax Act was barred by limitation as it exceeded the permissible timeframe from the original assessment date. The withdrawal of the deduction under section 80-IA for Thermal Power Plants was deemed debatable and not a mistake apparent from the record. The Tribunal ruled in favor of the assessee, allowing the deduction under section 80-IA and directed factual verification for the TDS credit claim. The appeal of the assessee was allowed for statistical purposes. en-us Tue, 21 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 08:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434401 The Tribunal held that the rectification order dated 27/03/2018 under section 154 of the Income Tax Act was barred by limitation as it exceeded the permissible timeframe from the original assessment date. The withdrawal of the deduction under section 80-IA for Thermal Power Plants was deemed debatable and not a mistake apparent from the record. The Tribunal ruled in favor of the assessee, allowing the deduction under section 80-IA and directed factual verification for the TDS credit claim. The appeal of the assessee was allowed for statistical purposes. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434401