Case Law Details
Case Name : Ahmednagar Investments Pvt. Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Mumbai
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Ahmednagar Investments Pvt. Ltd. Vs DCIT (ITAT Mumbai)
The Income Tax Appellate Tribunal (ITAT) Mumbai recently delivered a crucial verdict in the case of Ahmednagar Investments Pvt. Ltd. Vs DCIT. The ruling clarified the powers of Commissioner of Income Tax (Appeals), or CIT(A), in enhancing an assessment that is not a subject of a rectification order under section 154 of the Income Tax Act, 1961.
The ITAT, noted that the CIT(A)’s powers to enhance an assessment are not unlimited. I
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