TMI BlogRectification application u/s 154 - exemption u/s 10(23)(C)(iiiad) - The scope of Section 154 is very...Rectification application u/s 154 - exemption u/s 10(23)(C)(iiiad) - The scope of Section 154 is very narrow and restricted to only correcting mistakes apparent from record, and in case if the claim of the assessee requires long drawn deliberations and reasoning , it cannot be covered u/s 154. Thus, in our considered view , setting up of a new claim of exemption u/s 10(23C)(iiiad) for the first time through a rectification application u/s 154 of the 1961 Act is itself not permissible keeping in ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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