https://www.taxtmi.com/highlights?id=75676 Scope of rectification of mistake - The case revolved around the disallowance of EPF and ESI contributions by the Assessing Officer u/s 154 of the Income-tax Act, 1961. The key contention was whether the AO was justified in exercising rectification powers under Section 154 due to conflicting judgments and the absence of a clear error apparent on record. The Appellate Tribunal ruled in favor of the assessee, holding that the AO's action was not justified as the issue was debatable and there was no clear error evident at the time of the original assessment. en-us Thu, 14 Mar 2024 07:43:08 +0530 Thu, 14 Mar 2024 07:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75676 Scope of rectification of mistake - The case revolved around the disallowance of EPF and ESI contributions by the Assessing Officer u/s 154 of the Income-tax Act, 1961. The key contention was whether the AO was justified in exercising rectification powers under Section 154 due to conflicting judgments and the absence of a clear error apparent on record. The Appellate Tribunal ruled in favor of the assessee, holding that the AO's action was not justified as the issue was debatable and there was no clear error evident at the time of the original assessment. Highlights Income Tax Thu, 14 Mar 2024 07:43:08 +0530 https://www.taxtmi.com/highlights?id=75676