https://www.taxtmi.com/caselaws?id=189891 The Tribunal allowed the appeal, directing the ITO to rectify the mistake and allow the trading loss claimed by the assessee due to the sinking of the ship carrying goods. The Tribunal emphasized the duty of the assessing officer to assist taxpayers in claiming entitled reliefs and held that there was a mistake of law apparent from the record, justifying rectification under section 154 of the Income-tax Act. en-us Mon, 11 Aug 1986 00:00:00 +0530 Tue, 24 Jan 2017 17:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189891 The Tribunal allowed the appeal, directing the ITO to rectify the mistake and allow the trading loss claimed by the assessee due to the sinking of the ship carrying goods. The Tribunal emphasized the duty of the assessing officer to assist taxpayers in claiming entitled reliefs and held that there was a mistake of law apparent from the record, justifying rectification under section 154 of the Income-tax Act. Case-Laws Income Tax Mon, 11 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189891