https://www.taxtmi.com/caselaws?id=396973 The Tribunal dismissed the appeal, upholding the orders of the AO and Ld. CIT(A) regarding the rectification of deductions for profit on the sale of a fixed asset and depreciation on software expenses. The Tribunal emphasized that for rectification under section 154, mistakes must be obvious and patent, not debatable points of law or fact. The procedural delay in pronouncing the order was justified due to the unprecedented disruption in judicial work caused by the Covid-19 pandemic, as recognized by the Hon'ble Supreme Court and Bombay High Court. en-us Fri, 17 Jul 2020 00:00:00 +0530 Tue, 28 Jul 2020 14:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396973 The Tribunal dismissed the appeal, upholding the orders of the AO and Ld. CIT(A) regarding the rectification of deductions for profit on the sale of a fixed asset and depreciation on software expenses. The Tribunal emphasized that for rectification under section 154, mistakes must be obvious and patent, not debatable points of law or fact. The procedural delay in pronouncing the order was justified due to the unprecedented disruption in judicial work caused by the Covid-19 pandemic, as recognized by the Hon'ble Supreme Court and Bombay High Court. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396973