https://www.taxtmi.com/caselaws?id=56265 Rectification under section 154 could not be used to withdraw a deduction earlier allowed for income disclosed under the Voluntary Disclosure of Income Scheme, 1997 when the issue was debatable and not an apparent error from the record. The assessee was assessed under section 158BD read with section 158BC after search action in the cases of its directors, and the disclosure certificate issued by the Commissioner under the scheme remained valid. Because the legal effect of the accepted disclosure on computation of undisclosed income under Chapter XIV-B was not settled in the Revenue's favour, the Assessing Officer could not re-adjudicate the matter through rectification. The rectification order was therefore without jurisdiction and was quashed. en-us Fri, 13 Jan 2006 00:00:00 +0530 Thu, 02 Dec 2010 17:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56265 Rectification under section 154 could not be used to withdraw a deduction earlier allowed for income disclosed under the Voluntary Disclosure of Income Scheme, 1997 when the issue was debatable and not an apparent error from the record. The assessee was assessed under section 158BD read with section 158BC after search action in the cases of its directors, and the disclosure certificate issued by the Commissioner under the scheme remained valid. Because the legal effect of the accepted disclosure on computation of undisclosed income under Chapter XIV-B was not settled in the Revenue's favour, the Assessing Officer could not re-adjudicate the matter through rectification. The rectification order was therefore without jurisdiction and was quashed. Case-Laws Income Tax Fri, 13 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56265