Rectification order u/s 154 quashed in absence of mistake apparent on record

UCB India Private Limited Vs ACIT (ITAT Mumbai) ITAT Mumbai held that the issue of allowance of sales promotion expenses (including freebies) in the hands of Appellant was debatable and it cannot be said that allowance of deduction of sales promotion expenses by AO resulting in a mistake apparent on record. Thus, in absence of mistake apparent on record, order passed u/s 154 liable to be quashed. Facts- The present appeal has been preferred against the rectification order passed by the Assessing Officer under Section 154 of the Act assessing total income of the Appellant at INR 36,25,23,522/- ...