https://www.taxtmi.com/caselaws?id=9139 The Kerala HC held that, even in advisory proceedings under the Income-tax Act, a court of record has inherent power to correct an accidental slip or omission in its own judgment. The impugned sentence had crept in by accident and could have created a wrong impression if read out of context. The Court clarified that it had not decided the assessee's penalty liability on merits, but had only answered the referred question on the applicability of the Explanation to section 271(1)(c). The petition was allowed and the misleading sentence was deleted to preserve the true effect of the earlier decision and prevent injustice. en-us Mon, 11 Feb 1974 00:00:00 +0530 Fri, 19 Jun 2009 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9139 The Kerala HC held that, even in advisory proceedings under the Income-tax Act, a court of record has inherent power to correct an accidental slip or omission in its own judgment. The impugned sentence had crept in by accident and could have created a wrong impression if read out of context. The Court clarified that it had not decided the assessee's penalty liability on merits, but had only answered the referred question on the applicability of the Explanation to section 271(1)(c). The petition was allowed and the misleading sentence was deleted to preserve the true effect of the earlier decision and prevent injustice. Case-Laws Income Tax Mon, 11 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9139