https://www.taxtmi.com/caselaws?id=212629 The court ruled in favor of the revenue, holding that the ITAT was not justified in setting aside the AO's rectification under Section 154 of the Income Tax Act, 1961. The court found that the rectification corrected an apparent mistake in applying the depreciation rate to the assessee's trucks, which were not used for public hire. The court concluded that the rectification was valid and not a review of the original assessment. Consequently, the court allowed both appeals in favor of the revenue. en-us Tue, 24 Jan 2012 00:00:00 +0530 Wed, 18 Apr 2012 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212629 The court ruled in favor of the revenue, holding that the ITAT was not justified in setting aside the AO's rectification under Section 154 of the Income Tax Act, 1961. The court found that the rectification corrected an apparent mistake in applying the depreciation rate to the assessee's trucks, which were not used for public hire. The court concluded that the rectification was valid and not a review of the original assessment. Consequently, the court allowed both appeals in favor of the revenue. Case-Laws Income Tax Tue, 24 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212629