Rectification Enhancing Income Without Notice Is Unsustainable: ITAT Mumbai

Advertisement Eight Roads Investment Advisors Private Limited Vs ACIT (ITAT Mumbai) No Opportunity, No Rectification- Rectification Enhancing Income Without Notice Is Unsustainable– ITAT Mumbai Mumbai ITAT has quashed a rectification order passed by CPC, Bengaluru u/s 154 on the ground that no notice or opportunity of hearing was granted to Assessee before enhancing income & reducing refund. Tribunal held that such action was in direct violation of Sec 154(3) which mandates opportunity of hearing in cases where rectification increases liability. Assessee had filed return for AY 2020-2...