https://www.taxtmi.com/caselaws?id=767485 The Tribunal concluded that the rectification proceedings initiated by the AO under Section 154 of the Income-tax Act, 1961, were invalid due to the debatable nature of the issue regarding the disallowance of director remuneration paid in cash. It determined that the issue involved interpretation of law, making it unsuitable for rectification as it was not a clear, apparent mistake. Consequently, the Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition related to director remuneration, thereby allowing the assessee's appeal. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767485 The Tribunal concluded that the rectification proceedings initiated by the AO under Section 154 of the Income-tax Act, 1961, were invalid due to the debatable nature of the issue regarding the disallowance of director remuneration paid in cash. It determined that the issue involved interpretation of law, making it unsuitable for rectification as it was not a clear, apparent mistake. Consequently, the Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition related to director remuneration, thereby allowing the assessee's appeal. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767485