https://www.taxtmi.com/caselaws?id=36256 The High Court affirmed that the Appellate Assistant Commissioner (AAC) was not justified in passing rectification orders for the assessment years 1962-63 and 1963-64 under section 154 of the Income-tax Act, 1961. The Court held that the later Tribunal decision for a different year and assessee was extraneous to the record of the original appeals, emphasizing that a mistake apparent from the record must be obvious. The Court ruled in favor of the assessee, citing the Supreme Court precedent in T. S. Balaram v. Volkart Brothers, and ordered the Commissioner to pay the costs of the reference to the assessee. en-us Wed, 08 Oct 1980 00:00:00 +0530 Sat, 20 Mar 2010 12:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36256 The High Court affirmed that the Appellate Assistant Commissioner (AAC) was not justified in passing rectification orders for the assessment years 1962-63 and 1963-64 under section 154 of the Income-tax Act, 1961. The Court held that the later Tribunal decision for a different year and assessee was extraneous to the record of the original appeals, emphasizing that a mistake apparent from the record must be obvious. The Court ruled in favor of the assessee, citing the Supreme Court precedent in T. S. Balaram v. Volkart Brothers, and ordered the Commissioner to pay the costs of the reference to the assessee. Case-Laws Income Tax Wed, 08 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36256