https://www.taxtmi.com/caselaws?id=27789 Section 154 allows rectification only of a mistake apparent from the record, so a development rebate already allowed in original assessment could not be withdrawn where the alleged factual basis was not evident from the assessment record for that year. The Court noted that there was no entry in the relevant record showing the machinery had been let out or not used in the assessee's business, and a later return for a subsequent year could not be used to supply the basis for rectification of the earlier assessment. The Income-tax Officer therefore lacked jurisdiction to invoke section 154, and relief was granted to the assessee. en-us Fri, 26 Aug 1983 00:00:00 +0530 Sun, 06 Feb 2011 02:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27789 Section 154 allows rectification only of a mistake apparent from the record, so a development rebate already allowed in original assessment could not be withdrawn where the alleged factual basis was not evident from the assessment record for that year. The Court noted that there was no entry in the relevant record showing the machinery had been let out or not used in the assessee's business, and a later return for a subsequent year could not be used to supply the basis for rectification of the earlier assessment. The Income-tax Officer therefore lacked jurisdiction to invoke section 154, and relief was granted to the assessee. Case-Laws Income Tax Fri, 26 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27789