2004 (2) TMI 727

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..... i Piyush Agarwal learned counsel for the respondents. 2. Additional depreciation of ₹ 33,899 on the cost of computer was allowed to the assessee by the Assistant Commissioner of Income- tax under section 143(3) of the Income-tax Act. Subsequently he by order dated 9-3-1989 rectified the mistake under section 154 of the Income-tax Act on the ground that the mistake was apparent from .....

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..... arent on the face of the record. The Apex Court in T.S. Balaram Income-tax Officer v. Volkart Bros. [1971] 82 ITR 50 held as under : a mistake apparent on the face of the record 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 debatable point of l .....

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