https://www.taxtmi.com/caselaws?id=28785 The High Court held that the Income Tax Officer's decision to change the status of the assessee from a public limited company to a private limited company without proper investigation and justification was not a mistake apparent from the record under Section 154 of the Income Tax Act. The Court emphasized that rectification under this section is limited to correcting obvious errors and cannot be used to decide debatable factual points. The Court ruled in favor of the assessee, directing the status to remain as a public limited company, with no order as to costs. en-us Mon, 17 May 1982 00:00:00 +0530 Thu, 25 Feb 2010 16:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28785 The High Court held that the Income Tax Officer's decision to change the status of the assessee from a public limited company to a private limited company without proper investigation and justification was not a mistake apparent from the record under Section 154 of the Income Tax Act. The Court emphasized that rectification under this section is limited to correcting obvious errors and cannot be used to decide debatable factual points. The Court ruled in favor of the assessee, directing the status to remain as a public limited company, with no order as to costs. Case-Laws Income Tax Mon, 17 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28785