https://www.taxtmi.com/caselaws?id=329375 Rectification under section 154 was impermissible because the depreciation rate for motor cars used in connection with hiring receipts depended on a debatable legal issue and was not an apparent mistake from the record. The original assessment had allowed depreciation at 30% under section 143(3), and the later reduction to 15% required resolving competing views on the correct classification of the vehicles. As the matter involved two possible legal opinions, the adjustment could not be made by rectification. The reduction was therefore invalid and the assessee's higher depreciation claim was sustained. en-us Fri, 03 Jun 2016 00:00:00 +0530 Thu, 30 Jun 2016 11:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329375 Rectification under section 154 was impermissible because the depreciation rate for motor cars used in connection with hiring receipts depended on a debatable legal issue and was not an apparent mistake from the record. The original assessment had allowed depreciation at 30% under section 143(3), and the later reduction to 15% required resolving competing views on the correct classification of the vehicles. As the matter involved two possible legal opinions, the adjustment could not be made by rectification. The reduction was therefore invalid and the assessee's higher depreciation claim was sustained. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329375