https://www.taxtmi.com/caselaws?id=235284 The Tribunal held that rectification under section 154 is not suitable for deciding debatable legal issues, especially when supported by legal authorities. It emphasized that rectification is reserved for correcting obvious mistakes and not for issues open to interpretation. The Tribunal set aside the rectification order, stating that interest on interest is a debatable issue favoring the assessee. The appeal was allowed, highlighting the importance of adhering to jurisdictional boundaries in rectification proceedings. en-us Wed, 08 May 2013 00:00:00 +0530 Mon, 13 May 2013 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235284 The Tribunal held that rectification under section 154 is not suitable for deciding debatable legal issues, especially when supported by legal authorities. It emphasized that rectification is reserved for correcting obvious mistakes and not for issues open to interpretation. The Tribunal set aside the rectification order, stating that interest on interest is a debatable issue favoring the assessee. The appeal was allowed, highlighting the importance of adhering to jurisdictional boundaries in rectification proceedings. Case-Laws Income Tax Wed, 08 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235284