Debatable issue cannot be rectified under Section 154 of Income Tax Act

Anandji Kalyanji Vs ACIT (ITAT Jodhpur) The case of Anandji Kalyanji vs. ACIT was heard by the Income Tax Appellate Tribunal (ITAT) Jodhpur, and it concerns the application of Section 154 of the Income Tax Act, 1961, which allows for the rectification of mistakes in income tax assessments. Here’s a summary of the case: Background: The assessee filed an appeal against the order of the Commissioner of Income Tax (Appeals) National Faceless Appeal Centre (NFAC), Delhi, dated 27.12.2023, for the Assessment Year 2013-14. The appeal challenged the decision of the Commissioner (Appeals) in conf...