AO has no power to review entire assessment order on debatable issues and to make additions in order U/s.154

Advertisement Advocate Akhilesh Kumar Sah Hon’ble Supreme Court in the leading case, ITO vs. Volkart Brothers [(1971) 82 ITR 50 (SC)] has held that a mistake apparent on the record must be an obvious and patent mistake and not something which can be established by a long drawn process of reasoning on points on which there may conceivably be two opinions. Recently, in City Clinic Pvt. Ltd. vs. ACIT [ITA No. 112/Chd/2017, decided on 2 June, 2017], one of the question raised was whether on law, facts and circumstances of the case, the CIT (A) was unjustified in not allowing the issue t...