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of <h1>Supreme Court's law interpretation errors can be rectified under Income-tax Act and Estate Duty Act. Circular clarifies consistency.</h1> A mistake arising from a subsequent interpretation of law by the Supreme Court is considered a 'mistake apparent from the record,' allowing for rectification under section 35/154 of the Income-tax Act, 1922/1961. This principle, previously stated in Circular No. 68 dated 17-11-1971, is now clarified to apply similarly under section 61 of the Estate Duty Act, 1953. This circular, dated 17-12-1977, ensures consistency in addressing such mistakes across these legal frameworks.
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