https://www.taxtmi.com/caselaws?id=56069 The Tribunal upheld the Income Tax Officer's order under section 154, finding a mistake in calculating the tax rate for beneficiaries in Schedule II of a trust. The Court held that the Correct Income Tax Appellate Tribunal was not justified in reducing the tax liability, emphasizing the applicability of section 154 for rectification of mistakes in tax assessments. The appeal was allowed, and the Income Tax Officer's decision was affirmed. en-us Mon, 13 Jul 1987 00:00:00 +0530 Wed, 01 Dec 2010 14:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56069 The Tribunal upheld the Income Tax Officer's order under section 154, finding a mistake in calculating the tax rate for beneficiaries in Schedule II of a trust. The Court held that the Correct Income Tax Appellate Tribunal was not justified in reducing the tax liability, emphasizing the applicability of section 154 for rectification of mistakes in tax assessments. The appeal was allowed, and the Income Tax Officer's decision was affirmed. Case-Laws Income Tax Mon, 13 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56069