https://www.taxtmi.com/caselaws?id=10171 The High Court ruled in favor of the assessee, holding that the rectification order canceling the investment allowance on drilling machines under section 154 was not justified. The court emphasized that the Assessing Officer lacked jurisdiction to invoke section 154 after the initial assessment, as the issue was debatable at the time of the original claim. The High Court upheld the Tribunal's decision, emphasizing that the rectification was without jurisdiction and correctly set aside. en-us Mon, 04 Oct 2004 00:00:00 +0530 Thu, 09 Jul 2009 19:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10171 The High Court ruled in favor of the assessee, holding that the rectification order canceling the investment allowance on drilling machines under section 154 was not justified. The court emphasized that the Assessing Officer lacked jurisdiction to invoke section 154 after the initial assessment, as the issue was debatable at the time of the original claim. The High Court upheld the Tribunal's decision, emphasizing that the rectification was without jurisdiction and correctly set aside. Case-Laws Income Tax Mon, 04 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10171