https://www.taxtmi.com/caselaws?id=16352 Omission to deduct proposed dividend from general reserve in capital computation under the Companies (Profits) Surtax Act was treated as a mistake apparent from the record because the statutory scheme excludes proposed dividends from reserves. Rectification under section 13 was therefore valid. An error in the quantum of deduction used in the rectification orders did not defeat the rectification jurisdiction where the original omission was correctly identified, although the figures applied in correction were inaccurate. The reference was answered for the Revenue, with the validity of rectification upheld on the questions raised. en-us Thu, 10 Sep 1998 00:00:00 +0530 Thu, 18 Dec 2025 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16352 Omission to deduct proposed dividend from general reserve in capital computation under the Companies (Profits) Surtax Act was treated as a mistake apparent from the record because the statutory scheme excludes proposed dividends from reserves. Rectification under section 13 was therefore valid. An error in the quantum of deduction used in the rectification orders did not defeat the rectification jurisdiction where the original omission was correctly identified, although the figures applied in correction were inaccurate. The reference was answered for the Revenue, with the validity of rectification upheld on the questions raised. Case-Laws Income Tax Thu, 10 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16352