No rectification if disputed issue having two possible opinions settled through Finance Act amendments

INCOME TAX: It was a highly debatable issue whether in pre-amendment provisions of section 54F i.e. in assessment year 2011-12 and earlier, word 'assessee' meant an individual only or it also included an 'HUF' who can claim deduction under section 54B; powers under section 154 could not be exercised to diallow claim of HUF, when issue was already examined by Assessing Officer in scrutiny assessment proceedings

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