https://www.taxtmi.com/highlights?id=74769 AO suo-moto framed the order u/s. 154 and rectified the order - AO framed order u/s. 154 of the Act without affording a reasonable and adequate opportunity of being heard to the assessee, also without being directed by CIT(A) - The Tribunal dismissed the appeal of the Revenue, stating that the AO assumed powers conferred upon him by section 154 of the Act without affording any opportunity of being heard to the assessee. Therefore, the Tribunal upheld the CIT(A)'s decision. en-us Fri, 09 Feb 2024 12:42:07 +0530 Fri, 09 Feb 2024 12:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74769 AO suo-moto framed the order u/s. 154 and rectified the order - AO framed order u/s. 154 of the Act without affording a reasonable and adequate opportunity of being heard to the assessee, also without being directed by CIT(A) - The Tribunal dismissed the appeal of the Revenue, stating that the AO assumed powers conferred upon him by section 154 of the Act without affording any opportunity of being heard to the assessee. Therefore, the Tribunal upheld the CIT(A)'s decision. Highlights Income Tax Fri, 09 Feb 2024 12:42:07 +0530 https://www.taxtmi.com/highlights?id=74769