https://www.taxtmi.com/caselaws?id=29344 A rectification under section 154 could not be used to alter the computation of capital employed where the treatment of average profits or losses under rule 3(6) was reasonably open to more than one view. A debatable or plausible interpretation is not a "mistake apparent from the record", so the original computation could not be revised through rectification. The discussion follows the earlier ruling on the same issue, which had treated such rectification as impermissible. en-us Wed, 21 Apr 1982 00:00:00 +0530 Fri, 12 Mar 2010 13:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29344 A rectification under section 154 could not be used to alter the computation of capital employed where the treatment of average profits or losses under rule 3(6) was reasonably open to more than one view. A debatable or plausible interpretation is not a "mistake apparent from the record", so the original computation could not be revised through rectification. The discussion follows the earlier ruling on the same issue, which had treated such rectification as impermissible. Case-Laws Income Tax Wed, 21 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29344