https://www.taxtmi.com/caselaws?id=213889 The ITAT upheld the CIT(A)'s decision to delete the disallowance of Rs. 163.96 lacs for debenture redemption reserve and Rs. 47.72 lacs for short provision of expenses of earlier years. It was held that these were debatable issues and not subject to rectification under Section 154. The ITAT emphasized that mistakes under Section 154 must be obvious and not require detailed reasoning, leading to the dismissal of the Revenue's appeal. en-us Mon, 30 Apr 2012 00:00:00 +0530 Mon, 11 Jun 2012 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213889 The ITAT upheld the CIT(A)'s decision to delete the disallowance of Rs. 163.96 lacs for debenture redemption reserve and Rs. 47.72 lacs for short provision of expenses of earlier years. It was held that these were debatable issues and not subject to rectification under Section 154. The ITAT emphasized that mistakes under Section 154 must be obvious and not require detailed reasoning, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213889