https://www.taxtmi.com/caselaws?id=64198 The Tribunal partially allowed the appeal, confirming the validity of the rectification under section 154 for additional compensation received on the acquisition of agricultural land. The Income Tax Officer was deemed to have jurisdiction to rectify arithmetical errors under section 154, as the rectification was based on a calculation issue rather than a fundamental taxation matter. The Commissioner of Income Tax (Appeals) was directed to reconsider an overlooked ground raised by the assessee for a decision. en-us Tue, 12 May 1987 00:00:00 +0530 Sat, 05 Feb 2011 13:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64198 The Tribunal partially allowed the appeal, confirming the validity of the rectification under section 154 for additional compensation received on the acquisition of agricultural land. The Income Tax Officer was deemed to have jurisdiction to rectify arithmetical errors under section 154, as the rectification was based on a calculation issue rather than a fundamental taxation matter. The Commissioner of Income Tax (Appeals) was directed to reconsider an overlooked ground raised by the assessee for a decision. Case-Laws Income Tax Tue, 12 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64198