https://www.taxtmi.com/caselaws?id=38938 Rectification under section 154 is limited to mistakes apparent from the record and cannot be used where the tax position is debatable or reasonably capable of more than one view. The Karnataka High Court noted that the allowability of interest paid to a partner's Hindu undivided family under section 40(b) was not free from controversy and could support a legally sustainable view in favour of the assessee. On that basis, no apparent error existed in the assessment order, section 154 was unavailable, and no referable question of law arose for a reference under section 256(2). en-us Mon, 09 Aug 1976 00:00:00 +0530 Sat, 10 Apr 2010 14:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38938 Rectification under section 154 is limited to mistakes apparent from the record and cannot be used where the tax position is debatable or reasonably capable of more than one view. The Karnataka High Court noted that the allowability of interest paid to a partner's Hindu undivided family under section 40(b) was not free from controversy and could support a legally sustainable view in favour of the assessee. On that basis, no apparent error existed in the assessment order, section 154 was unavailable, and no referable question of law arose for a reference under section 256(2). Case-Laws Income Tax Mon, 09 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38938