Bombay High Court Allows Rectification Application Despite Pending Appeal in Income Tax Case — Mistake Apparent on Record Regarding Advance Tax Credit. The Court held that the power to rectify under Section 154 of the Income Tax Act, 1961 is independent and can be exercised even if an appeal is pending on the same issue....
The Petitioner, Piramal Investment Opportunities Fund, filed its return of income for Assessment Year 2015-16 on 8 October 2015, disclosing total income of Rs.65,65,84,797 as interest income and paid ...




