https://www.taxtmi.com/caselaws?id=766657 The Tribunal ruled in favor of the assessee, allowing the appeal and quashing the rectification order under section 154 of the Income Tax Act, 1961. It held that the rectification to enhance the disallowance under section 14A was not a mistake apparent from the record, as it required detailed reasoning and debate, thus falling outside the scope of section 154. Consequently, the modification and enhancement of the disallowance were deemed void ab-initio, and the first appellate order was set aside. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766657 The Tribunal ruled in favor of the assessee, allowing the appeal and quashing the rectification order under section 154 of the Income Tax Act, 1961. It held that the rectification to enhance the disallowance under section 14A was not a mistake apparent from the record, as it required detailed reasoning and debate, thus falling outside the scope of section 154. Consequently, the modification and enhancement of the disallowance were deemed void ab-initio, and the first appellate order was set aside. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766657