Rectification Not Available for Debatable Income Tax Matters: ITAT

In a ruling on rectification under the Income Tax Act, the ITAT concluded that rectification of orders is not permissible for debatable matters. The tribunal found that the rectification mechanism is intended for clerical or arithmetic errors, not for issues that involve substantial legal debate. The ruling reinforces that rectification applications cannot be used as a means to re-litigate contentious tax matters.