https://www.taxtmi.com/caselaws?id=3402 The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the assessee in a case concerning the rectification of assessment under Section 154 of the Income Tax Act, 1961. It held that the Assessing Officer had no jurisdiction to rectify the assessment under Sec.154 as the issue of Sec.44AE application was debatable. The Court emphasized that rectification is for correcting obvious mistakes on the face of the record and dismissed the tax case without costs. en-us Tue, 18 Jul 2006 00:00:00 +0530 Mon, 28 Jul 2008 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3402 The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the assessee in a case concerning the rectification of assessment under Section 154 of the Income Tax Act, 1961. It held that the Assessing Officer had no jurisdiction to rectify the assessment under Sec.154 as the issue of Sec.44AE application was debatable. The Court emphasized that rectification is for correcting obvious mistakes on the face of the record and dismissed the tax case without costs. Case-Laws Income Tax Tue, 18 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3402