https://www.taxtmi.com/circulars?id=9467 The Board clarifies that an error resulting from subsequent Supreme Court interpretation is a mistake apparent from the record and may be corrected either on an assessee's application or suo motu by the assessing officer under the rectification provisions; assessing officers must rectify and recalculate enhanced Wealth Tax penalties in line with the Supreme Court decision and issue instructions to implement corrections. en-us Sat, 29 May 1982 00:00:00 +0530 Mon, 06 Jun 2011 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9467 The Board clarifies that an error resulting from subsequent Supreme Court interpretation is a mistake apparent from the record and may be corrected either on an assessee's application or suo motu by the assessing officer under the rectification provisions; assessing officers must rectify and recalculate enhanced Wealth Tax penalties in line with the Supreme Court decision and issue instructions to implement corrections. Circulars Income Tax Sat, 29 May 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9467