https://www.taxtmi.com/caselaws?id=20954 The court upheld the assessment of rental income under "House property" for the assessment year 1975-76, rejecting the assessee's argument to categorize income differently. Emphasizing the limited scope of rectification under section 154 of the Income-tax Act, the court deemed the classification of rental income as debatable and not a mistake apparent from the record. The decision favored the Revenue, dismissing the assessee's appeal without costs, highlighting the necessity of a clear factual basis for income classification and distinguishing between debatable issues and rectifiable errors in tax assessments. en-us Tue, 30 Oct 1990 00:00:00 +0530 Wed, 18 Nov 2009 12:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20954 The court upheld the assessment of rental income under "House property" for the assessment year 1975-76, rejecting the assessee's argument to categorize income differently. Emphasizing the limited scope of rectification under section 154 of the Income-tax Act, the court deemed the classification of rental income as debatable and not a mistake apparent from the record. The decision favored the Revenue, dismissing the assessee's appeal without costs, highlighting the necessity of a clear factual basis for income classification and distinguishing between debatable issues and rectifiable errors in tax assessments. Case-Laws Income Tax Tue, 30 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20954