https://www.taxtmi.com/caselaws?id=258564 The High Court set aside the Tribunal's decision allowing rectification under section 35(1)(e) of the Wealth Tax Act, emphasizing that rectification is only for correcting errors apparent on record, not for establishing errors through lengthy reasoning. The Court held that the Tribunal exceeded its jurisdiction by considering factors not part of the record, such as the building's commercial status determined by the local authority. The petition was allowed, highlighting the limited scope of rectification jurisdiction and the requirement for errors to be apparent on record for rectification orders to be valid. en-us Fri, 09 Jan 2015 00:00:00 +0530 Tue, 14 Apr 2015 00:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258564 The High Court set aside the Tribunal's decision allowing rectification under section 35(1)(e) of the Wealth Tax Act, emphasizing that rectification is only for correcting errors apparent on record, not for establishing errors through lengthy reasoning. The Court held that the Tribunal exceeded its jurisdiction by considering factors not part of the record, such as the building's commercial status determined by the local authority. The petition was allowed, highlighting the limited scope of rectification jurisdiction and the requirement for errors to be apparent on record for rectification orders to be valid. Case-Laws Wealth-tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258564