https://www.taxtmi.com/caselaws?id=187883 Rectification power under income-tax law is confined to mistakes apparent on the face of the record and cannot be used as a review, revision or reassessment. A debatable question, such as whether tobacco and cashew dealings formed the same business, involves factual and circumstantial inquiry and is not a patent error suitable for rectification. The authority therefore could not withdraw an earlier set-off of carried-forward loss by re-characterising the activities through a fresh inference on the assessment record. The rectification orders were held to be without jurisdiction and were quashed. en-us Tue, 04 Oct 1955 00:00:00 +0530 Thu, 10 Nov 2016 13:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187883 Rectification power under income-tax law is confined to mistakes apparent on the face of the record and cannot be used as a review, revision or reassessment. A debatable question, such as whether tobacco and cashew dealings formed the same business, involves factual and circumstantial inquiry and is not a patent error suitable for rectification. The authority therefore could not withdraw an earlier set-off of carried-forward loss by re-characterising the activities through a fresh inference on the assessment record. The rectification orders were held to be without jurisdiction and were quashed. Case-Laws Income Tax Tue, 04 Oct 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187883