https://www.taxtmi.com/caselaws?id=60641 The Tribunal upheld the CIT(A)'s decision to quash the rectification orders under section 154 of the Income-tax Act for the assessment years 1977-78 and 1978-79. It found that the method used by the Income-tax Officer to estimate expenses was debatable and not suitable for rectification. The dissenting opinion, supported by the Third Member, held that the ITO had jurisdiction to rectify the mistake and remitted the case to the CIT(A) for a decision on the merits. en-us Mon, 06 Mar 1989 00:00:00 +0530 Fri, 07 Jan 2011 13:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60641 The Tribunal upheld the CIT(A)'s decision to quash the rectification orders under section 154 of the Income-tax Act for the assessment years 1977-78 and 1978-79. It found that the method used by the Income-tax Officer to estimate expenses was debatable and not suitable for rectification. The dissenting opinion, supported by the Third Member, held that the ITO had jurisdiction to rectify the mistake and remitted the case to the CIT(A) for a decision on the merits. Case-Laws Income Tax Mon, 06 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60641