https://www.taxtmi.com/caselaws?id=311279 The HC upheld the Tribunal's decision, dismissing the Revenue's appeal regarding the disallowance of selling expenses claimed by the Assessee under Section 154 of the Income Tax Act. The Tribunal had determined that the issue was debatable, thus making Section 154 inapplicable since it permits only rectification of clear errors, not a review. The HC agreed that the Assessing Officer's action exceeded the permissible scope of rectification, affirming that no substantial question of law was involved. en-us Wed, 31 Oct 2007 00:00:00 +0530 Sat, 16 Dec 2023 13:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311279 The HC upheld the Tribunal's decision, dismissing the Revenue's appeal regarding the disallowance of selling expenses claimed by the Assessee under Section 154 of the Income Tax Act. The Tribunal had determined that the issue was debatable, thus making Section 154 inapplicable since it permits only rectification of clear errors, not a review. The HC agreed that the Assessing Officer's action exceeded the permissible scope of rectification, affirming that no substantial question of law was involved. Case-Laws Income Tax Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311279