Mistake apparent from record, constitutes a rectifiable mistake under section 254(2): ITAT Mumbai

Ambuja Cements Limited Vs ACIT (ITAT Mumbai)

In a landmark decision, the Income Tax Appellate Tribunal (ITAT) Mumbai permitted the rectification of a mistake apparent from the record in the case of Ambuja Cements Limited Vs ACIT. The case centred around an issue with the applicability of the tax rate under the India-Mauritius Double Taxation Avoidance Agreement (DTAA) and the dismissal of a related ground in an earlier appeal.

Analysis: The Tribunal observed that the assessee’s appea

Please become a Premium member. If you are already a Premium member, login here to access the full content.