Assessing Officer cannot rectify an Order u/s 154 to Enhance Assessed Income: ITAT [Read Order]

Assessing Officer - Assessed Income - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), comprising Shri Kul Bharat, Judicial Member & Shri Pradip Kumar Kedia, Accountant Member has held that the Assessing Officer cannot invoke the power to rectify an order under section 154 of the Income Tax Act, 1961 in order to enhance the assessed income. The Assessing Officer passed an assessment…

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