https://www.taxtmi.com/article/detailed?id=5406 A retrospective amendment can furnish tangible material permitting reopening of assessments and may also constitute a mistake apparent from record justifying rectification; powers to reopen and to rectify are not mutually exclusive, and when conditions for either are met both may validly operate, producing differing effects depending on whether proceedings are pending, final, or on appeal. en-us Fri, 27 Dec 2013 13:08:56 +0530 Fri, 27 Dec 2013 13:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5406 A retrospective amendment can furnish tangible material permitting reopening of assessments and may also constitute a mistake apparent from record justifying rectification; powers to reopen and to rectify are not mutually exclusive, and when conditions for either are met both may validly operate, producing differing effects depending on whether proceedings are pending, final, or on appeal. Articles Income Tax Fri, 27 Dec 2013 13:08:56 +0530 https://www.taxtmi.com/article/detailed?id=5406