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2012 (6) TMI 374 - HC - Income TaxWhether Tribunal was right in holding that the rectification under section 154 is not allowable on the issue of carry forward of allowances while completing the assessment under section 115J as the issue is debatable - Commissioner of Income-tax (Appeals) dismissed the appeal on the ground that the issue of carry forward allowance in computing the assessment was based on the provisions of section 115J of the Act and could be rectified under section 154 of the Act having regard to the facts that the mistake of fact was an apparent one – Held that:- rectification contemplated under section 154 must be a rectifiable mistake. A decision on a debatable point of law could not be taken as a mistake apparent from record, no ground to interfere with the order of the Tribunal, Tax Case (Appeals) stand dismissed
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