https://www.taxtmi.com/caselaws?id=384577 The appeal challenged the Assessing Officer's rectification order withdrawing deduction u/s 80P of the Income Tax Act. The AO reversed the initial allowance of the deduction under section 80P(2)(b), leading to a significant dispute over the eligibility criteria. The tribunal focused on the application of section 154 for rectification, emphasizing the need for mistakes to be apparent and not subject to debate. Judicial pronouncements, including decisions from the Delhi High Court and Supreme Court, guided the tribunal's interpretation, highlighting the limited scope of rectification to correct obvious errors, not review orders. Ultimately, the tribunal upheld the AO's rectification order, impacting the deduction claimed by the assessee. en-us Thu, 01 Aug 2019 00:00:00 +0530 Fri, 16 Aug 2019 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384577 The appeal challenged the Assessing Officer's rectification order withdrawing deduction u/s 80P of the Income Tax Act. The AO reversed the initial allowance of the deduction under section 80P(2)(b), leading to a significant dispute over the eligibility criteria. The tribunal focused on the application of section 154 for rectification, emphasizing the need for mistakes to be apparent and not subject to debate. Judicial pronouncements, including decisions from the Delhi High Court and Supreme Court, guided the tribunal's interpretation, highlighting the limited scope of rectification to correct obvious errors, not review orders. Ultimately, the tribunal upheld the AO's rectification order, impacting the deduction claimed by the assessee. Case-Laws Income Tax Thu, 01 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384577