https://www.taxtmi.com/caselaws?id=27588 Section 154 of the Income-tax Act cannot be used to rectify an assessment unless the alleged mistake is obvious, patent, and free from debate. Where dividend-tax liability depended on interpreting the relevant Finance Act language and the Revenue's construction was only one possible view, the omission to tax an earlier dividend amount was not an apparent error on the record; the rectification order could not be sustained and the Tribunal's view that section 154 did not apply was upheld. en-us Wed, 10 Sep 1975 00:00:00 +0530 Sat, 13 Feb 2010 17:16:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27588 Section 154 of the Income-tax Act cannot be used to rectify an assessment unless the alleged mistake is obvious, patent, and free from debate. Where dividend-tax liability depended on interpreting the relevant Finance Act language and the Revenue's construction was only one possible view, the omission to tax an earlier dividend amount was not an apparent error on the record; the rectification order could not be sustained and the Tribunal's view that section 154 did not apply was upheld. Case-Laws Income Tax Wed, 10 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27588