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2012 (4) TMI 287 - HC - Income TaxRectification of mistake – A.O. in its rectification order disallowed adjustment on account of change in depreciation method while calculating book profits u/s 115JB on account of it being prior period expenses – original order framed u/s 143(3) – Held that:- The jurisdiction u/s 154 is confined and restricted to rectification of errors and mistakes which are apparent from the record. The issues and contentions being debatable and in the realm of uncertainty, we do not think the A.O. was right in invoking Section 154. The Tribunal was right in observing that the action of the Assessing Officer under Section 154 was not warranted – Decided against the Revenue.
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