https://www.taxtmi.com/caselaws?id=14143 Interpretation of rule 2 in the Second Schedule to the Companies (Profits) Surtax Act was required to decide whether advance tax and tax deducted at source were to be excluded in computing capital for surtax. Although the Income-tax Officer's ultimate view was treated as legally correct, the reasoning depended on construing the scope of "reserve", "provision" and "fund", so the matter was not an obvious mistake apparent from the record. The second order therefore could not be sustained as rectification under the mistake-apparent-from-record standard. en-us Mon, 06 Nov 2000 00:00:00 +0530 Tue, 14 Jul 2009 10:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14143 Interpretation of rule 2 in the Second Schedule to the Companies (Profits) Surtax Act was required to decide whether advance tax and tax deducted at source were to be excluded in computing capital for surtax. Although the Income-tax Officer's ultimate view was treated as legally correct, the reasoning depended on construing the scope of "reserve", "provision" and "fund", so the matter was not an obvious mistake apparent from the record. The second order therefore could not be sustained as rectification under the mistake-apparent-from-record standard. Case-Laws Income Tax Mon, 06 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14143