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2012 (4) TMI 296 - HC - Income TaxLegality of proceedings initiated by Assessing Officer u/s 154 when there were no mistakes apparent from records - AO sought to revise the assessment by denying deduction u/s 80HHA & 80I on ground that assessee cannot be regarded as small scale industry - Held that: CIT(A) rightly held that after exclusion, the aggregate value of the P&M relating to industrial undertaking comes less than ₹ 35 lacs, therefore, AO has correctly allowed relief in original order. Further, it is the concurrent finding given by both CIT(A) and Tribunal that the AO was not justified in rectifying the order u/s 154 since there is no patent or glaring mistake on the face of the record regarding the original assessment that warrants rectification u/s 154. See T.S.Balaram, Income Tax Officer Vs. Volkart Brothers (1971 (8) TMI 3 - SUPREME Court)- Decided in favor of the assessee
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