https://www.taxtmi.com/caselaws?id=29498 Rectification under section 154 is unavailable where the proposed correction depends on a debatable question of law or mixed law and fact. The court held that whether the assessee qualified as a mineral oil concern, and thus whether depreciation at 10% was allowable instead of 7%, involved interpretation of the relevant schedule entry, statutory context, and factual application. Because the issue was not a clear, patent mistake apparent from the record, section 154 could not be used to reduce the depreciation rate. The referred question was answered in favour of the assessee. en-us Fri, 04 Sep 1981 00:00:00 +0530 Sat, 13 Mar 2010 13:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29498 Rectification under section 154 is unavailable where the proposed correction depends on a debatable question of law or mixed law and fact. The court held that whether the assessee qualified as a mineral oil concern, and thus whether depreciation at 10% was allowable instead of 7%, involved interpretation of the relevant schedule entry, statutory context, and factual application. Because the issue was not a clear, patent mistake apparent from the record, section 154 could not be used to reduce the depreciation rate. The referred question was answered in favour of the assessee. Case-Laws Income Tax Fri, 04 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29498