https://www.taxtmi.com/caselaws?id=150389 A patent mistake of law apparent from the record was held rectifiable under section 35 of the Income-tax Act, 1922, where an excess dividend tax levy was later shown by a binding Supreme Court decision to have been invalid from the outset. The fact that the assessment order was valid when made did not bar rectification once the true legal position emerged, because no elaborate reasoning was needed to identify the error. The availability of a prior revision remedy also did not defeat relief, as that remedy had been pursued and the assessee approached the Court promptly after rejection. en-us Wed, 23 Aug 1961 00:00:00 +0530 Thu, 17 Oct 2013 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150389 A patent mistake of law apparent from the record was held rectifiable under section 35 of the Income-tax Act, 1922, where an excess dividend tax levy was later shown by a binding Supreme Court decision to have been invalid from the outset. The fact that the assessment order was valid when made did not bar rectification once the true legal position emerged, because no elaborate reasoning was needed to identify the error. The availability of a prior revision remedy also did not defeat relief, as that remedy had been pursued and the assessee approached the Court promptly after rejection. Case-Laws Income Tax Wed, 23 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150389