CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 26, 2016
CORPORATE & PROFESSIONAL UPDATE FEBRUARY 26, 2016 Direct Tax When the issue has been decided by the CIT(A) then only CIT(A) can rectify the order u/s 154, AO has no jurisdiction to rectify such order – Tribunal.[M/s. NHPC Ltd. vs Asstt. Commissioner of Income Tax, Circle-II, Faridabad And vica-versa – 2016 (2) TMI 676 – ITAT DELHI] Section 292C inter alia provides that where …