Rectification Proceedings under Section 154: Limited to Obvious Mistakes

Town Vividodesha Sahakari Bhandara Niyamitha Vs ITO (ITAT Bangalore) Introduction: In a recent judgment by the Income Tax Appellate Tribunal (ITAT) in Bangalore, the case of Town Vividodesha Sahakari Bhandara Niyamitha Vs Income Tax Officer presents a significant clarification on the scope and limitations of rectification proceedings under Section 154 of the Income Tax Act. This appeal, challenging the CIT(Appeals) National Faceless Appeal Centre, Delhi’s decision for the assessment year 2014-15, delves into whether the CIT(Appeals) was justified in upholding the Assessing Officer’...