https://www.taxtmi.com/caselaws?id=58682 The Tribunal upheld the validity of the rectification order by the Income Tax Officer (ITO), allowing the reduction of deduction granted under section 80M to stand. It was held that the original order of the ITO did not merge into the Commissioner's order under section 264, and therefore, the rectification was deemed valid. The Tribunal differentiated between the Commissioner's powers under section 264 and appellate powers, emphasizing that the rectification was necessary due to the retrospective effect of section 80AA. The appeal challenging the rectification order was dismissed. en-us Fri, 20 May 1988 00:00:00 +0530 Tue, 21 Dec 2010 15:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58682 The Tribunal upheld the validity of the rectification order by the Income Tax Officer (ITO), allowing the reduction of deduction granted under section 80M to stand. It was held that the original order of the ITO did not merge into the Commissioner's order under section 264, and therefore, the rectification was deemed valid. The Tribunal differentiated between the Commissioner's powers under section 264 and appellate powers, emphasizing that the rectification was necessary due to the retrospective effect of section 80AA. The appeal challenging the rectification order was dismissed. Case-Laws Income Tax Fri, 20 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58682