I.T.O. - 19(2) (1) , Mumbai Versus Abdulla Hazi Gulam Rasool - Income Tax - ITAT MUMBAI - Tri - Rectification of mistake u/s 154 - Fair market value - Held that - The non-issue of notice u/s. 154(3) by the A.O. under the circumstances is relevant for procedure. The same is, however, not a jurisidictional notice, and is therefore curable - Following Honda Siel Power Products Ltd. v. CIT 2007 (11) TMI 8 - Supreme Court of India - The assessing authority has an inherent jurisdiction, subject of c................................... Income Tax - Case Laws
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