Highly Debatable issues do not fall within the Category of ‘Mistake Apparent from Record’: ITAT dismisses Rectification Application [Read Order]

Debatable Issues - ITAT - Rectification Application - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that a highly debatable issue does not fall within the ambit of a ā€œmistake apparent from recordsā€ for the purpose of invoking section 154 of the Income Tax Act, 1961. A division bench of the Tribunal comprising Shri Saktijit Dey, Judicial Member and…

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