https://www.taxtmi.com/caselaws?id=209765 Rectification under section 154 of the Income-tax Act is confined to a mistake apparent from the record and cannot be used for review, reassessment, or fresh inquiry into disputed facts. A later Supreme Court decision may be relied on in rectification, but only where the error is self-evident on the existing record. Here, the return, computation and TDS material did not clearly show that the interest was received under section 28 of the Land Acquisition Act, 1894, and deciding whether the entire receipt was exempt under section 10(37) would require factual examination beyond section 154. Rectification was therefore not permissible and the rejection of the application was upheld. en-us Thu, 29 Dec 2011 00:00:00 +0530 Tue, 24 Jan 2012 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209765 Rectification under section 154 of the Income-tax Act is confined to a mistake apparent from the record and cannot be used for review, reassessment, or fresh inquiry into disputed facts. A later Supreme Court decision may be relied on in rectification, but only where the error is self-evident on the existing record. Here, the return, computation and TDS material did not clearly show that the interest was received under section 28 of the Land Acquisition Act, 1894, and deciding whether the entire receipt was exempt under section 10(37) would require factual examination beyond section 154. Rectification was therefore not permissible and the rejection of the application was upheld. Case-Laws Income Tax Thu, 29 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209765