https://www.taxtmi.com/caselaws?id=10681 Rectification under section 154 is limited to an obvious, patent mistake and cannot be used to decide a claim that depends on factual inquiry or a debatable legal issue. Whether a company qualifies as an industrial company turns on the nature of its business and the income attribution test, supported by material in the assessment record for each relevant year. Later treatment of the assessee as an industrial company, or a later rectification order, did not by itself show a mistake apparent from the record for the years in question. The claim was therefore not allowable under section 154. en-us Thu, 25 Nov 2004 00:00:00 +0530 Tue, 21 Jul 2009 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10681 Rectification under section 154 is limited to an obvious, patent mistake and cannot be used to decide a claim that depends on factual inquiry or a debatable legal issue. Whether a company qualifies as an industrial company turns on the nature of its business and the income attribution test, supported by material in the assessment record for each relevant year. Later treatment of the assessee as an industrial company, or a later rectification order, did not by itself show a mistake apparent from the record for the years in question. The claim was therefore not allowable under section 154. Case-Laws Income Tax Thu, 25 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10681