https://www.taxtmi.com/caselaws?id=65176 The Tribunal ruled in favor of the assessee on both issues. It held that the ITO's rectification under section 154 was a mere change of opinion and not a rectifiable mistake. Additionally, the expenditure on purchasing tickets for a foreign tour was deemed allowable for the relevant accounting period, as the ITO had already allowed it during the assessment proceedings. Therefore, the Tribunal quashed the ITO's order under section 154 in both instances. en-us Thu, 30 Aug 1990 00:00:00 +0530 Mon, 14 Feb 2011 10:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65176 The Tribunal ruled in favor of the assessee on both issues. It held that the ITO's rectification under section 154 was a mere change of opinion and not a rectifiable mistake. Additionally, the expenditure on purchasing tickets for a foreign tour was deemed allowable for the relevant accounting period, as the ITO had already allowed it during the assessment proceedings. Therefore, the Tribunal quashed the ITO's order under section 154 in both instances. Case-Laws Income Tax Thu, 30 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65176