Appellant submits that the order u/s 154 of the Act is bad in law and not in accordance with the provisions of the IT Act

Last updated: 17 September 2021
Quick Summary
The Income Tax Appellate Tribunal heard an appeal concerning an order made under Section 154 of the Income Tax Act. The appellant, Reliance Industries Limited, argued that the order was invalid because it was passed beyond the prescribed time limit. They also contended that adjustments made to book profit for interest on income tax refunds were incorrect as per accounting policies and the Act's provisions.

Court :
ITAT Mumbai

Brief :
These are appeals by the assessee against the order of learned Commissioner of Income Tax (Appeals), Mumbai (‘ld.CIT(A) for short) for the concerned assessment years.

Citation :
ITA Nos.5421& 5422 /Mum/2019

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