https://www.taxtmi.com/caselaws?id=8252 Rectification under section 35(1) is confined to mistakes apparent from the record and is not available for a mere change of opinion; on the stated facts, the firm's assessment rectification for additional depreciation was treated as valid. Once the firm's assessment is validly rectified, the corrected order becomes the operative assessment for section 35(5), so the partner's consequential correction is computed from that rectified order and is not barred by limitation. The omission to expressly mention section 35(1) in section 35(5) does not prevent its application, because the provision operates as part of an integrated deeming mechanism for firm and partner assessments. en-us Fri, 26 Mar 1971 00:00:00 +0530 Mon, 06 Apr 2009 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8252 Rectification under section 35(1) is confined to mistakes apparent from the record and is not available for a mere change of opinion; on the stated facts, the firm's assessment rectification for additional depreciation was treated as valid. Once the firm's assessment is validly rectified, the corrected order becomes the operative assessment for section 35(5), so the partner's consequential correction is computed from that rectified order and is not barred by limitation. The omission to expressly mention section 35(1) in section 35(5) does not prevent its application, because the provision operates as part of an integrated deeming mechanism for firm and partner assessments. Case-Laws Income Tax Fri, 26 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8252