https://www.taxtmi.com/caselaws?id=28332 Section 154 rectification could not be used to withdraw section 80M deduction on the basis that earlier years' depreciation had first to be set off, because the order depended on a debatable interpretation of the computation sequence. The Calcutta HC noted that the question whether relief under section 80M was to be allowed before or after adjustment of past depreciation admitted more than one possible view. Since a point capable of two views is not a mistake apparent from the record, the matter lay outside the narrow rectificatory power under section 154. The rectification order was therefore unjustified and the assessee succeeded. en-us Mon, 27 Jun 1983 00:00:00 +0530 Sat, 20 Feb 2010 13:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28332 Section 154 rectification could not be used to withdraw section 80M deduction on the basis that earlier years' depreciation had first to be set off, because the order depended on a debatable interpretation of the computation sequence. The Calcutta HC noted that the question whether relief under section 80M was to be allowed before or after adjustment of past depreciation admitted more than one possible view. Since a point capable of two views is not a mistake apparent from the record, the matter lay outside the narrow rectificatory power under section 154. The rectification order was therefore unjustified and the assessee succeeded. Case-Laws Income Tax Mon, 27 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28332