https://www.taxtmi.com/caselaws?id=36483 The High Court upheld the Tribunal's decision to cancel the Income-tax Officer's rectification orders for the assessment years 1963-64 to 1968-69. It ruled in favor of the assessee, emphasizing that rectification under section 154 should address clear errors on the face of the record, not debatable legal points. The Court held that the allowances granted in the original assessments could not be withdrawn using the power of rectification, citing the Supreme Court precedent in T. S. Balaram v. Volkart Brothers. The Commissioner was directed to pay the costs of the reference to the assessee. en-us Wed, 15 Oct 1980 00:00:00 +0530 Mon, 22 Mar 2010 15:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36483 The High Court upheld the Tribunal's decision to cancel the Income-tax Officer's rectification orders for the assessment years 1963-64 to 1968-69. It ruled in favor of the assessee, emphasizing that rectification under section 154 should address clear errors on the face of the record, not debatable legal points. The Court held that the allowances granted in the original assessments could not be withdrawn using the power of rectification, citing the Supreme Court precedent in T. S. Balaram v. Volkart Brothers. The Commissioner was directed to pay the costs of the reference to the assessee. Case-Laws Income Tax Wed, 15 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36483