https://www.taxtmi.com/caselaws?id=383917 The High Court held that the Assessing Officer's power under Section 154 of the Income Tax Act, 1961, is to rectify a mistake apparent from the record and not to review an order. It emphasized that debatable issues cannot be rectified under Section 154. The court ruled in favor of the assessee, allowing the appeal and establishing the appellant's entitlement to exemption under Section 54 of the Income Tax Act, 1961. en-us Wed, 03 Jul 2019 00:00:00 +0530 Fri, 02 Aug 2019 06:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383917 The High Court held that the Assessing Officer's power under Section 154 of the Income Tax Act, 1961, is to rectify a mistake apparent from the record and not to review an order. It emphasized that debatable issues cannot be rectified under Section 154. The court ruled in favor of the assessee, allowing the appeal and establishing the appellant's entitlement to exemption under Section 54 of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383917