https://www.taxtmi.com/caselaws?id=18323 The High Court upheld the Tribunal's decision, affirming the rectification made under section 154 of the Income-tax Act, 1961. The Court found the mistake regarding the unit's eligibility for investment allowance and the nature of the manufactured items to be apparent from the record. Consequently, the Court ruled in favor of the Revenue, concluding that the rectification under section 154 was justified in this case. The decision favored the authorities' actions and affirmed the Tribunal's findings, denying the assessee's entitlement to the investment allowance under section 32A. en-us Thu, 08 Feb 1996 00:00:00 +0530 Wed, 30 Sep 2009 11:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18323 The High Court upheld the Tribunal's decision, affirming the rectification made under section 154 of the Income-tax Act, 1961. The Court found the mistake regarding the unit's eligibility for investment allowance and the nature of the manufactured items to be apparent from the record. Consequently, the Court ruled in favor of the Revenue, concluding that the rectification under section 154 was justified in this case. The decision favored the authorities' actions and affirmed the Tribunal's findings, denying the assessee's entitlement to the investment allowance under section 32A. Case-Laws Income Tax Thu, 08 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18323