Section 154 Debatable Point of Law is Not a Mistake Apparent from Record

JMD Auto India Pvt. Ltd Vs ACIT (ITAT Mumbai)

The issue under consideration is whether decision based on a debatable point of view can be treated as a mistake apparent from the record?

ITAT states that the power of rectification u/s 154 of the Act can be exercised only if there is a mistake apparent from the record of the assessment

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