https://www.taxtmi.com/caselaws?id=6626 Section 35(5) of the Income-tax Act, 1922 is described as a deeming provision allowing a partner's completed assessment to be adjusted where a later firm reassessment shows the partner's share was wrongly included. The text states that this provision, enacted in 1953, was not retrospective enough to disturb partner assessments that had already become final before 1 April 1952. It also notes that a mistake visible only from the firm's record is not a mistake apparent from the partner's completed assessment for rectification purposes. The stated effect is that such reopened assessments would lack jurisdiction. en-us Wed, 25 Mar 1964 00:00:00 +0530 Tue, 27 Jan 2009 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6626 Section 35(5) of the Income-tax Act, 1922 is described as a deeming provision allowing a partner's completed assessment to be adjusted where a later firm reassessment shows the partner's share was wrongly included. The text states that this provision, enacted in 1953, was not retrospective enough to disturb partner assessments that had already become final before 1 April 1952. It also notes that a mistake visible only from the firm's record is not a mistake apparent from the partner's completed assessment for rectification purposes. The stated effect is that such reopened assessments would lack jurisdiction. Case-Laws Income Tax Wed, 25 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6626