https://www.taxtmi.com/caselaws?id=11923 Section 154 rectification cannot be used where the issue requires a debatable interpretation, and the article notes that the dispute over section 161(1A) fell into that category. The point was whether "income" in section 161(1A) could be read to include loss for applying the maximum marginal rate; unlike section 64, section 161(1A) contains no express Explanation extending income to loss. On that basis, the rectification request against the section 143(1) intimation was treated as impermissible, and the Revenue's view on the first question was stated to prevail. en-us Tue, 24 Sep 2002 00:00:00 +0530 Fri, 12 Feb 2010 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11923 Section 154 rectification cannot be used where the issue requires a debatable interpretation, and the article notes that the dispute over section 161(1A) fell into that category. The point was whether "income" in section 161(1A) could be read to include loss for applying the maximum marginal rate; unlike section 64, section 161(1A) contains no express Explanation extending income to loss. On that basis, the rectification request against the section 143(1) intimation was treated as impermissible, and the Revenue's view on the first question was stated to prevail. Case-Laws Income Tax Tue, 24 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11923