https://www.taxtmi.com/caselaws?id=788814 Section 154 rectification cannot be used to enhance tax by applying the amended section 115BBE rate to an addition under section 69A for Assessment Year 2017-18, because the applicability of the higher rate is a debatable issue requiring statutory interpretation. The analysis notes that the increase from 30% to 60% operates prospectively from 01.04.2017 and does not extend to earlier transactions or to AY 2017-18. As section 154 is limited to mistakes apparent from the record, a contested question of law falls outside its scope. The rectification was therefore not sustainable, and quashing of the rectification was upheld. en-us Thu, 26 Mar 2026 00:00:00 +0530 Sat, 28 Mar 2026 08:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788814 Section 154 rectification cannot be used to enhance tax by applying the amended section 115BBE rate to an addition under section 69A for Assessment Year 2017-18, because the applicability of the higher rate is a debatable issue requiring statutory interpretation. The analysis notes that the increase from 30% to 60% operates prospectively from 01.04.2017 and does not extend to earlier transactions or to AY 2017-18. As section 154 is limited to mistakes apparent from the record, a contested question of law falls outside its scope. The rectification was therefore not sustainable, and quashing of the rectification was upheld. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788814