Held that the decision of the Supreme Court in Maxopp Investment Ltd. did not overrule the proposition that when interest-free funds are sufficient still disallowances under rule 8D(2)(ii) needed to be done. The Supreme Court had upheld the view that disallowances under section 14A cannot exceed the exempt income. The decision of the Supreme Court in Maxopp Investment Ltd. did not give a carte blanche to withdraw the relief granted under section 14A. The Supreme Court held that relief granted from disallowances under section 14A on the plank that the investment being stock-in-trade could not be upheld. Hence, no relief could be granted to the assessee on this account. But, it still deserved relief on the other issue for own interest-free funds for the purpose of under rule 8D(2)(ii) and restricting the disallowances with that extent exempt income. These could not be the subject matter of rectification under section 154. Hence, the order passed by the Assessing Officer withdrawing the relief granted under section 14A earlier was not sustainable as the issue was debatable and it was not liable for rectification under section 154. Merits of issue could not be adjudicated in rectification proceedings. (AY. 2006-07, 2008-09)