https://www.taxtmi.com/caselaws?id=31086 The High Court of Gujarat ruled in favor of the assessee against the Revenue, holding that rectification under Section 154 cannot be pursued when there are conceivably two opinions on the interpretation of a provision. The judgment emphasized the importance of settled legal positions and the consideration of debatable issues in determining the applicability of rectification proceedings. The Court disposed of the reference with no order as to costs. en-us Wed, 13 Feb 2008 00:00:00 +0530 Thu, 16 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31086 The High Court of Gujarat ruled in favor of the assessee against the Revenue, holding that rectification under Section 154 cannot be pursued when there are conceivably two opinions on the interpretation of a provision. The judgment emphasized the importance of settled legal positions and the consideration of debatable issues in determining the applicability of rectification proceedings. The Court disposed of the reference with no order as to costs. Case-Laws Income Tax Wed, 13 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31086