1992 (11) TMI 82 - HC - Income Tax

Summary

The High Court of Delhi upheld the Tribunal's decision that the Income-tax Officer's order granting interest to the assessee under section 214 could not be rectified under section 154 due to the debatable nature of the issue. The court cited the Supreme Court's decision in T. S. Balaram, ITO v. Volkart Brothers [1971] 82 ITR 50, stating that section 154 can only rectify a mistake apparent on the face of the order. The question of law was answered in favor of the assessee.