https://www.taxtmi.com/caselaws?id=69250 Rectification under section 154 requires prior notice and a reasonable opportunity to object under section 154(3); absent that safeguard, the rectification order is not legally sustainable. A correction under section 154 is confined to an obvious, patent error apparent from the record. Where disallowance of interest deduction depends on competing factual views about the purpose and use of borrowed funds, the issue is debatable and falls outside rectification jurisdiction. The material states that such interest disallowance could not be reopened under section 154 and that the rectification orders were unsustainable in law. en-us Sat, 30 Dec 1978 00:00:00 +0530 Wed, 06 Apr 2011 10:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69250 Rectification under section 154 requires prior notice and a reasonable opportunity to object under section 154(3); absent that safeguard, the rectification order is not legally sustainable. A correction under section 154 is confined to an obvious, patent error apparent from the record. Where disallowance of interest deduction depends on competing factual views about the purpose and use of borrowed funds, the issue is debatable and falls outside rectification jurisdiction. The material states that such interest disallowance could not be reopened under section 154 and that the rectification orders were unsustainable in law. Case-Laws Income Tax Sat, 30 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69250