https://www.taxtmi.com/caselaws?id=11831 A claim for deduction from incentive bonus received by a Development Officer of LIC could be rectified under section 154 once the jurisdictional HC had already held that no such deduction was allowable. The Tribunal erred in treating the issue as debatable despite that binding precedent, because a matter settled by the jurisdictional HC is not open to being characterised as controversial within the State. The rectification made by the Assessing Officer was therefore sustainable, and the question was answered in favour of the Revenue and against the assessee. en-us Wed, 21 Aug 2002 00:00:00 +0530 Tue, 09 Feb 2010 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11831 A claim for deduction from incentive bonus received by a Development Officer of LIC could be rectified under section 154 once the jurisdictional HC had already held that no such deduction was allowable. The Tribunal erred in treating the issue as debatable despite that binding precedent, because a matter settled by the jurisdictional HC is not open to being characterised as controversial within the State. The rectification made by the Assessing Officer was therefore sustainable, and the question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Wed, 21 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11831