https://www.taxtmi.com/caselaws?id=55164 The Tribunal upheld the ITO's rectification of the original assessment order under section 154 of the Income-tax Act, 1961. The mistake in not setting off unabsorbed depreciation against dividend income was found to be apparent from the record, leading to the disallowance of the section 80M deduction. The Tribunal relied on relevant provisions and case law to support its decision, ultimately dismissing the assessee's appeal and confirming the rectification. en-us Sat, 12 Feb 1983 00:00:00 +0530 Wed, 24 Nov 2010 11:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55164 The Tribunal upheld the ITO's rectification of the original assessment order under section 154 of the Income-tax Act, 1961. The mistake in not setting off unabsorbed depreciation against dividend income was found to be apparent from the record, leading to the disallowance of the section 80M deduction. The Tribunal relied on relevant provisions and case law to support its decision, ultimately dismissing the assessee's appeal and confirming the rectification. Case-Laws Income Tax Sat, 12 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55164