https://www.taxtmi.com/caselaws?id=468604 Section 154 rectification is confined to mistakes apparent from the record and cannot be used to make a disallowance that depends on detailed inquiry or contested examination of allowability. A proposed disallowance of interest and remuneration as revenue expenditure under section 37(1) fell outside this limited rectification jurisdiction, so the rectification order was not sustainable and the matter went in favour of the assessee. en-us Thu, 06 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468604 Section 154 rectification is confined to mistakes apparent from the record and cannot be used to make a disallowance that depends on detailed inquiry or contested examination of allowability. A proposed disallowance of interest and remuneration as revenue expenditure under section 37(1) fell outside this limited rectification jurisdiction, so the rectification order was not sustainable and the matter went in favour of the assessee. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468604