Appeal dismissed as decision against law can be rectified under Income-tax Act, 1961

The Allahabad HC dismissed the appeal, holding that a decision against the law can be rectified under section 154 of the Income-tax Act, 1961, following the precedent set in CIT v. Steller Investment Ltd. [2001] 251 ITR 263 (SC).

---

---

The Allahabad High Court dismissed the appeal stating that a decision contrary to law can be rectified under section 154 of the Income-tax Act, 1961, based on the case of CIT v. Steller Investment Ltd. [2001] 251 ITR 263 (SC).

---