https://www.taxtmi.com/caselaws?id=202846 The High Court dismissed the appeal, maintaining that section 154 of the Income-tax Act, 1961, can rectify only mistakes that are apparent on the face of the record, not debatable issues or those requiring extensive reasoning. The judgments in previous cases were crucial in determining that set off of losses cannot be rectified under section 154, leading to the dismissal of the appeal. en-us Mon, 19 Oct 2009 00:00:00 +0530 Wed, 26 Dec 2012 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202846 The High Court dismissed the appeal, maintaining that section 154 of the Income-tax Act, 1961, can rectify only mistakes that are apparent on the face of the record, not debatable issues or those requiring extensive reasoning. The judgments in previous cases were crucial in determining that set off of losses cannot be rectified under section 154, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 19 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202846