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Tribunal Deletes Inappropriate Rectification Order u/s 154 for Indexed Cost Recalculation in Income Tax Assessment.

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....Rectification of an error u/s 154 - The order was passed after scrutiny u/s 143(3) - AO revised assessment order and recalculated the indexed cost of acquisition applying the provisions of Section 48(iii) of the Income Tax Act - Tribunal has rightly deleted the rectification order passed u/s 154 -....

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Tribunal Deletes Inappropriate Rectification Order u/s 154 for Indexed Cost Recalculation in Income Tax Assessment.