Decision on a debatable point of law is not a apparent mistake & cannot be rectified u/s 154

Brief of the case:

Assessee claimed deductions on account of excise duty paid and interest thereon which was originally allowed by AO but subsequently rectified u/s 154 by making addition of the same. ITAT examined the facts and circumstances of the case and held that decision on a debatable point of law is not a mistake apparent from record and cannot rectified u/s 154.

Facts of the case:

• Assessee filed return of in

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