https://www.taxtmi.com/caselaws?id=38397 The court upheld the rectification orders under section 154 of the Income-tax Act, 1961, quashing the petitioner's claim for deduction under section 84(2) due to a mistaken interpretation of "Reconstruction of Business." It was determined that the change from a private to a public limited company did not constitute reconstruction. The court found the rectification justified as the mistake was apparent on the record, citing relevant precedents. The orders of rectification were deemed valid, effective, and binding, leading to the dismissal of the writ petition without costs. en-us Fri, 30 Jul 1976 00:00:00 +0530 Tue, 06 Apr 2010 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38397 The court upheld the rectification orders under section 154 of the Income-tax Act, 1961, quashing the petitioner's claim for deduction under section 84(2) due to a mistaken interpretation of "Reconstruction of Business." It was determined that the change from a private to a public limited company did not constitute reconstruction. The court found the rectification justified as the mistake was apparent on the record, citing relevant precedents. The orders of rectification were deemed valid, effective, and binding, leading to the dismissal of the writ petition without costs. Case-Laws Income Tax Fri, 30 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38397