Friday, September 30, 2011

FW: [GlobalIndianCAs] IT : Provisions of section 154 can be invoked for rectifying mistake of non-levy

Provisions of section 154 can be invoked for rectifying mistake of non-levy of interest under sections 234A, 234B and 234C in original assessment

Income-tax : When provisions of sections 234A, 234B and 234C themselves specifically provide for levy, Assessing Officer would be right in invoking provisions of section 154 for rectifying mistake of non-levy of interest under sections 234A, 234B and 234C in the original assessment [Section 154 of the income tax Act, 1961 - Rectification of mistake - Apparent from records] - [2011] 10 taxmann.com 141 (Chennai - ITAT)

No comments:

Post a Comment