https://www.taxtmi.com/caselaws?id=20554 Rectification under the Companies (Profits) Surtax Act was confined to patent mistakes apparent from the record, and not errors requiring detailed argument or debate. The Income-tax Officer sought to revise the capital computation by reducing the general reserve on account of proposed dividend, but the Tribunal found no apparent mistake and cancelled the rectification orders. That view was upheld, with the court holding that a long-drawn process of reasoning could not justify rectification on these facts. The question was therefore answered in favour of the assessee and against the Revenue. en-us Wed, 10 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20554 Rectification under the Companies (Profits) Surtax Act was confined to patent mistakes apparent from the record, and not errors requiring detailed argument or debate. The Income-tax Officer sought to revise the capital computation by reducing the general reserve on account of proposed dividend, but the Tribunal found no apparent mistake and cancelled the rectification orders. That view was upheld, with the court holding that a long-drawn process of reasoning could not justify rectification on these facts. The question was therefore answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 10 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20554