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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Rectification of mistake - Merely because the assessee has ...


Section 254(2) Allows Error Correction in Tribunal Orders Despite Ongoing High Court Appeals by Assessee or Revenue.

April 30, 2015

Case Laws     Income Tax     HC

Rectification of mistake - Merely because the assessee has challenged the order of the Tribunal in an Appeal under section 260A of the Income Tax Act, 1961 before the High Court does not mean that the power under section (2) of section 254 cannot be invoked either by the assessee or by the revenue/Assessing Officer - HC

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