https://www.taxtmi.com/caselaws?id=150388 Section 35 rectification under the Indian Income-tax Act, 1922 is confined to mistakes apparent from the record, meaning clear, obvious and self-evident errors. Where correction depends on competing statutory constructions or a long-drawn process of reasoning, the issue is debatable and falls outside rectification power. On the Finance Acts of 1956 and 1957, the treatment of unabsorbed reduction in rebate and the carry-forward of earlier excess dividend was not free from doubt. The rectification was therefore without jurisdiction, and the impugned order and demand notice were quashed. en-us Thu, 19 Mar 1964 00:00:00 +0530 Tue, 14 May 2013 11:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150388 Section 35 rectification under the Indian Income-tax Act, 1922 is confined to mistakes apparent from the record, meaning clear, obvious and self-evident errors. Where correction depends on competing statutory constructions or a long-drawn process of reasoning, the issue is debatable and falls outside rectification power. On the Finance Acts of 1956 and 1957, the treatment of unabsorbed reduction in rebate and the carry-forward of earlier excess dividend was not free from doubt. The rectification was therefore without jurisdiction, and the impugned order and demand notice were quashed. Case-Laws Income Tax Thu, 19 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150388