https://www.taxtmi.com/caselaws?id=440530 Rectification under section 154 cannot be used to decide a debatable issue or to revisit whether prior period interest expenditure had crystallised as a liability. Because the disallowance depended on a matter requiring examination beyond an apparent record error, the rectification was not sustainable. As the levy of interest under section 234B was consequential to that rectification, it also did not survive. The additions made under the rectification order were therefore deleted in favour of the assessee. en-us Tue, 18 Jul 2023 00:00:00 +0530 Thu, 20 Jul 2023 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440530 Rectification under section 154 cannot be used to decide a debatable issue or to revisit whether prior period interest expenditure had crystallised as a liability. Because the disallowance depended on a matter requiring examination beyond an apparent record error, the rectification was not sustainable. As the levy of interest under section 234B was consequential to that rectification, it also did not survive. The additions made under the rectification order were therefore deleted in favour of the assessee. Case-Laws Income Tax Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440530