https://www.taxtmi.com/caselaws?id=219940 The Tribunal ruled in favor of the assessee on issues related to expenditure on sales promotions and advertisement, holding that the mistakes made by the Assessing Officer were rectifiable under Section 154. However, the Tribunal decided against the assessee on the correctness of interest computation and the definition of "one month" for interest calculation, stating that these mistakes were rectifiable. The Supreme Court clarified that Section 154 applies only to obvious mistakes, not debatable issues requiring a change of opinion. en-us Fri, 31 Aug 2012 00:00:00 +0530 Fri, 25 Jan 2013 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219940 The Tribunal ruled in favor of the assessee on issues related to expenditure on sales promotions and advertisement, holding that the mistakes made by the Assessing Officer were rectifiable under Section 154. However, the Tribunal decided against the assessee on the correctness of interest computation and the definition of "one month" for interest calculation, stating that these mistakes were rectifiable. The Supreme Court clarified that Section 154 applies only to obvious mistakes, not debatable issues requiring a change of opinion. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219940