https://www.taxtmi.com/caselaws?id=291456 A revisional power stated to be subject to the Act cannot override the Act's limitation period for prejudicial rectification or reassessment. The text explains that section 35 permits correction of a mistake apparent from the record only within one year from the date of demand where the change is adverse to the assessee, and that the same temporal limit applies to analogous enhancement of assessment under section 34. On that basis, the Commissioner could not rectify the assessment prejudicially after expiry of one year, and the issue was answered in favour of the assessee. en-us Sat, 15 Jan 1927 00:00:00 +0530 Wed, 11 Nov 2020 13:08:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291456 A revisional power stated to be subject to the Act cannot override the Act's limitation period for prejudicial rectification or reassessment. The text explains that section 35 permits correction of a mistake apparent from the record only within one year from the date of demand where the change is adverse to the assessee, and that the same temporal limit applies to analogous enhancement of assessment under section 34. On that basis, the Commissioner could not rectify the assessment prejudicially after expiry of one year, and the issue was answered in favour of the assessee. Case-Laws Income Tax Sat, 15 Jan 1927 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291456