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2010 (3) TMI 858 - GUJARAT HIGH COURTRectification of mistake - Whether u/S 154 it was permissible to charge interest u/s 234B and 234C before allowing credit for minimum alternate tax - Held that:- Any issue of law on which there may conceivably be two opinions, or where the issue is debatable, cannot form part of proceedings under section 154 of the Act. In the facts of the present case, the order made by the AO on September 11, 2003, itself indicates that the issue requires debate and deliberation. Hence, the same cannot be termed to be a mistake apparent on record so as to levy interest under sections 234B and 234C of the Act without granting credit for minimum alternate tax. Issue restired back to file of Tribunal for reconsideration.
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