https://www.taxtmi.com/caselaws?id=191783 The High Court held that the Income Tax Officer (ITO) could not rectify assessment orders under section 154 of the IT Act to disallow deductions under section 80M as there was no mistake apparent from the record. The Court emphasized that estimates or deductions based on factors outside existing records do not qualify for rectification under section 154. The judgment clarified that rectification under section 154 requires a clear error present in the original order itself. The decision favored the assessee, emphasizing the importance of applying the provision within its intended scope. en-us Wed, 25 Apr 1990 00:00:00 +0530 Fri, 21 Apr 2017 16:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191783 The High Court held that the Income Tax Officer (ITO) could not rectify assessment orders under section 154 of the IT Act to disallow deductions under section 80M as there was no mistake apparent from the record. The Court emphasized that estimates or deductions based on factors outside existing records do not qualify for rectification under section 154. The judgment clarified that rectification under section 154 requires a clear error present in the original order itself. The decision favored the assessee, emphasizing the importance of applying the provision within its intended scope. Case-Laws Income Tax Wed, 25 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191783