Disallowance can’t be a ‘Mistake’ to be rectified u/s 154 of the Income Tax Act: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing an appeal filed by the Union of India, held that a disallowance cannot be rectified through an application filed under section 154 of the Income Tax Act, 1961. The assessee, Union Bank of India approached the Tribunal challenging an order of the Commissioner […]
http://dlvr.it/S5sP05