https://www.taxtmi.com/caselaws?id=69608 The case involved issues concerning the calculation of income tax and surcharge, interpretation of "maximum marginal rate," applicability of Section 154 for rectification of mistakes, and the debatability of the issue for rectification. The Tribunal held that the interpretation of "maximum marginal rate" was debatable, and therefore, the Assessing Officer was not justified in passing the order under Section 154. The appeal filed by the assessee was dismissed based on the majority opinion, which supported the Assessing Officer's decision to rectify the mistake in the order. en-us Wed, 06 Dec 1995 00:00:00 +0530 Mon, 11 Apr 2011 10:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69608 The case involved issues concerning the calculation of income tax and surcharge, interpretation of "maximum marginal rate," applicability of Section 154 for rectification of mistakes, and the debatability of the issue for rectification. The Tribunal held that the interpretation of "maximum marginal rate" was debatable, and therefore, the Assessing Officer was not justified in passing the order under Section 154. The appeal filed by the assessee was dismissed based on the majority opinion, which supported the Assessing Officer's decision to rectify the mistake in the order. Case-Laws Income Tax Wed, 06 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69608