https://www.taxtmi.com/caselaws?id=234964 The Tribunal dismissed the Revenue's appeal, emphasizing that rectification under section 154 of the Income-tax Act, 1961, is limited to correcting total mistakes apparent from the record and not for revising opinions on debatable issues. The Tribunal held that the Assessing Officer's reappraisal of facts did not constitute rectification. Additionally, the Tribunal found the quashing of the assessment order unjustified, ruling in favor of the assessee and upholding the order of the Commissioner of Income-tax (Appeals) against the Revenue. en-us Tue, 09 Apr 2013 00:00:00 +0530 Fri, 25 Oct 2013 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234964 The Tribunal dismissed the Revenue's appeal, emphasizing that rectification under section 154 of the Income-tax Act, 1961, is limited to correcting total mistakes apparent from the record and not for revising opinions on debatable issues. The Tribunal held that the Assessing Officer's reappraisal of facts did not constitute rectification. Additionally, the Tribunal found the quashing of the assessment order unjustified, ruling in favor of the assessee and upholding the order of the Commissioner of Income-tax (Appeals) against the Revenue. Case-Laws Income Tax Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234964