https://www.taxtmi.com/caselaws?id=38804 The court ruled against the assessee, holding that the interest charged under section 139 for certain assessment years could not be canceled under section 154 of the Income-tax Act, 1961. The court found the issue to be debatable and not a clear mistake apparent on the record, thus concluding that rectification under section 154 was not applicable. The judgment favored the revenue, directing the assessee to bear the costs of the reference to the Commissioner of Income-tax. en-us Fri, 20 Aug 1976 00:00:00 +0530 Fri, 09 Apr 2010 11:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38804 The court ruled against the assessee, holding that the interest charged under section 139 for certain assessment years could not be canceled under section 154 of the Income-tax Act, 1961. The court found the issue to be debatable and not a clear mistake apparent on the record, thus concluding that rectification under section 154 was not applicable. The judgment favored the revenue, directing the assessee to bear the costs of the reference to the Commissioner of Income-tax. Case-Laws Income Tax Fri, 20 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38804