The assessee can file an application for rectification of mistake as per section 154 of the Act when it is (i) a mistake of fact (ii) a mistake of law (iii) glaring obvious or apparent from the records (iv) a decision on

CS Executive · Tax Laws and Practice · PYQS · December 2018
The assessee can file an application for rectification of mistake as per section 154 of the Act when it is (i) a mistake of fact (ii) a mistake of law (iii) glaring obvious or apparent from the records (iv) a decision on debatable point of law
(A) (i) and (iii)
(B) (i), (ii) and (iv)
(C) (i), (ii) and (iii)
(D) all of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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