https://www.taxtmi.com/caselaws?id=22304 The High Court of Calcutta ruled in a case involving the interpretation of section 154 of the Income-tax Act, 1961 that rectification cannot be pursued if the issue is debatable. The Court upheld the principle that in cases where differing opinions are conceivable, rectification cannot alter the original decision. Relying on legal precedents and the principle favoring the assessee in cases of legal ambiguity, the Court answered in the affirmative, favoring the assessee and emphasizing the importance of adhering to legal principles in matters of rectification under the Income-tax Act, 1961. en-us Tue, 14 Mar 1989 00:00:00 +0530 Wed, 09 Dec 2009 11:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22304 The High Court of Calcutta ruled in a case involving the interpretation of section 154 of the Income-tax Act, 1961 that rectification cannot be pursued if the issue is debatable. The Court upheld the principle that in cases where differing opinions are conceivable, rectification cannot alter the original decision. Relying on legal precedents and the principle favoring the assessee in cases of legal ambiguity, the Court answered in the affirmative, favoring the assessee and emphasizing the importance of adhering to legal principles in matters of rectification under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 14 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22304