2002 (11) TMI 12

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..... ivably two opinions – Therefore, a part of the relief granted to the respondent/assessee under section 80-I could not be withdrawn by taking recourse of section 154 - - - - - Dated:- 26-11-2002 - Judge(s) : D. K. JAIN., SHARDA AGGARWAL. JUDGMENT This appeal by the Revenue under section 260A of the Income-tax Act, 1961 (for short "the Act"), is directed against the order dated April 19, 200 .....

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..... the scope of section 154 of the Act, the Supreme Court in T.S. Balaram, ITO v. Volkart Brothers [1971] 82 ITR 50, held that a mistake apparent on the record within the meaning of section 154 of the Act must be an "obvious" and "patent" mistake and not something which can be established by a long drawn process of reasoning on points on which there may be conceivably two opinions. A decision on a d .....

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