Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (8) TMI 18 - HC - Income TaxMistake apparent from the record - "1. Whether Tribunal was correct in law in upholding the action of the Income-tax Officer in initiating proceedings u/s 154 and holding that there was a mistake apparent on the record which could be rectified under section 154? - we are satisfied that it is a clear case of a mistake apparent from the record which could have been rectified under section 154 of the Act. The assessee itself in the computation of Income had given the note requesting the Assessing Officer to consider the payment of interest under section 244(1A) which appears to have escaped the notice of the Assessing Officer when he framed the original assessment. In view of this matter, there is possibly no question of this issue being termed as debatable. – Hence, We answer question No. 1 in the affirmative, i.e., against the assessee and in favour of the Revenue.
|