https://www.taxtmi.com/caselaws?id=337805 The Tribunal upheld the order passed by the Commissioner of Income-tax (Appeals), dismissing the appeal and allowing the cross objection filed by the assessee. It found that the Assessing Officer's actions under section 154 were not rectification but a reevaluation of deductions without proper justification. Emphasizing that rectification should address clear mistakes, not debatable issues, the Tribunal highlighted the principle of consistency in granting deductions under section 80-IC. It concluded that the revenue could reopen the assessment if necessary, ensuring proper assessment procedures were followed. en-us Wed, 11 Jan 2017 00:00:00 +0530 Wed, 18 Jan 2017 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337805 The Tribunal upheld the order passed by the Commissioner of Income-tax (Appeals), dismissing the appeal and allowing the cross objection filed by the assessee. It found that the Assessing Officer's actions under section 154 were not rectification but a reevaluation of deductions without proper justification. Emphasizing that rectification should address clear mistakes, not debatable issues, the Tribunal highlighted the principle of consistency in granting deductions under section 80-IC. It concluded that the revenue could reopen the assessment if necessary, ensuring proper assessment procedures were followed. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337805