1999 (3) TMI 11 - SC - Income Tax

Rectification Of Mistakes - Revenue has not been able to satisfy us that it shows any apparent error upon the record. Reference to documents outside the record and the law is impermissible when applying the provisions of section 154 - hence Tribunal was not justified in upholding the finding of the CIT (Appeals) who cancelled the order of the Assessing Office passed on June 18, 1991, under section 154

Summary

The Supreme Court dismissed the Revenue's appeal regarding rectification under section 154 of the Income-tax Act, 1961. The High Court's decision in favor of the assessee was upheld, stating that there was no apparent error in the record justifying rectification. The appeal was dismissed with no order as to costs.