https://www.taxtmi.com/caselaws?id=70811 The Tribunal amended its earlier order to reflect the retrospective amendment, treating the amount as entertainment expenses under section 37(2A) of the Income-tax Act, 1961. The Tribunal directed the Income Tax Officer to allow the deduction accordingly, emphasizing the importance of rectifying mistakes to uphold parties' rights and ensure compliance with the law. The objections raised by the assessee regarding the limitation period for rectification were dismissed, with the Tribunal holding that the rectification was necessary due to the mistake apparent from the record and that the time limit for rectification was not mandatory. en-us Tue, 20 Jan 1987 00:00:00 +0530 Tue, 19 Apr 2011 13:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70811 The Tribunal amended its earlier order to reflect the retrospective amendment, treating the amount as entertainment expenses under section 37(2A) of the Income-tax Act, 1961. The Tribunal directed the Income Tax Officer to allow the deduction accordingly, emphasizing the importance of rectifying mistakes to uphold parties' rights and ensure compliance with the law. The objections raised by the assessee regarding the limitation period for rectification were dismissed, with the Tribunal holding that the rectification was necessary due to the mistake apparent from the record and that the time limit for rectification was not mandatory. Case-Laws Income Tax Tue, 20 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70811