Debatable MAT Computation Cannot Be Rectified Under Section 154

Fiat India Automobiles Private Limited Vs ACIT (ITAT Pune) Debatable MAT Adjustment Cannot Be Rectified u/s 154 — ITAT Pune Quashes Rectification in Fiat India Case The Pune Bench of the ITAT condoned a 123-day delay and set aside the ex-parte order of the CIT(A)/NFAC for AY 2017-18, holding that an appeal cannot be dismissed or decided mechanically for non-prosecution without complying with the mandatory requirements of section 250(6). Key findings of the Tribunal: Delay condoned on sufficient cause: Relying on Collector, Land Acquisition v. Mst. Katiji and Inder Singh v. State of MP, the ...