https://www.taxtmi.com/caselaws?id=759427 Rectification under section 154 is confined to an obvious and patent mistake apparent from the record; it cannot be used where the issue is debatable or requires detailed reasoning. The allowability of depreciation on non-compete fee had conflicting judicial views and was pending before higher courts, so the attempted reversal of earlier relief was not justified. The rectification order was therefore not sustainable, and the matter was restored for fresh decision after the pending proceedings concluded. en-us Tue, 24 Sep 2024 00:00:00 +0530 Mon, 30 Sep 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759427 Rectification under section 154 is confined to an obvious and patent mistake apparent from the record; it cannot be used where the issue is debatable or requires detailed reasoning. The allowability of depreciation on non-compete fee had conflicting judicial views and was pending before higher courts, so the attempted reversal of earlier relief was not justified. The rectification order was therefore not sustainable, and the matter was restored for fresh decision after the pending proceedings concluded. Case-Laws Income Tax Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759427