Interest withdrawal under section 244A(2) is outside the scope of section 154

Otis Elevator Company (India) Limited Vs DCIT (ITAT Mumbai)

ITAT held that given the limited scope of section 154 for rectification of mistakes apparent on record and given the fact that the period to be excluded for grant of interest has not yet been taken a call on by the PCCIT/CCIT/PCIT or the CIT, the impugned withdrawal of interest under section 244A(2) is beyond the scope of rectification of mistake under section 154.

FULL TEXT OF THE ORDER OF ITAT MUMBAI

1. By way of this appeal,

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