Mistake apparent from the record: Supreme Court reinterpretation permits rectification under tax and estate duty laws procedures. A prior Board circular treated a mistake apparent from the record as encompassing errors revealed by subsequent Supreme Court interpretation and authorised rectification under the Income tax rectification provisions; the present circular clarifies that those instructions apply mutatis mutandis to the Estate Duty Act, permitting analogous rectificatory action under the Estate duty rectification provision.
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Mistake apparent from the record: Supreme Court reinterpretation permits rectification under tax and estate duty laws procedures.
A prior Board circular treated a mistake apparent from the record as encompassing errors revealed by subsequent Supreme Court interpretation and authorised rectification under the Income tax rectification provisions; the present circular clarifies that those instructions apply mutatis mutandis to the Estate Duty Act, permitting analogous rectificatory action under the Estate duty rectification provision.
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