https://www.taxtmi.com/caselaws?id=770959 The ITAT Mumbai allowed the assessee's appeal regarding rectification of mistake under section 154 for denial of exemption under section 80P(2)(d) on interest income from cooperative bank. Though the Commissioner correctly held that debatable issues cannot be entertained as "mistake apparent on record" under section 154, the tribunal considered the peculiar circumstances and noted that the issue was settled by various courts including a coordinate bench allowing similar deduction claims under section 80P(2)(d). en-us Wed, 08 Jan 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770959 The ITAT Mumbai allowed the assessee's appeal regarding rectification of mistake under section 154 for denial of exemption under section 80P(2)(d) on interest income from cooperative bank. Though the Commissioner correctly held that debatable issues cannot be entertained as "mistake apparent on record" under section 154, the tribunal considered the peculiar circumstances and noted that the issue was settled by various courts including a coordinate bench allowing similar deduction claims under section 80P(2)(d). Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770959