ANCHOR PRESSINGS (P) LTD. vs COMMISSIONER OF INCOME TAX, U.P. & ORS.

The Supreme Court held that under Section 154 of the Income-tax Act, 1961, rectification of an assessment order requires a mistake apparent from the record. The Court ruled that the Income-tax Officer is not obligated to grant relief under Section 84 if the appellant did not provide the necessary material to support the claim during the assessment proceedings. The appeal was dismissed as the appellant failed to demonstrate the requisite material for relief under Section 84, affirming the lower court's decision.