https://www.taxtmi.com/caselaws?id=406483 An assessee may waive a statutory assessment benefit where no fundamental right is involved, and the assessing authority may rely on the assessee's own written acceptance. Here, the assessee had accepted application of the invisible loss ratio at 5%, so the assessment order did not disclose any error apparent on the face of the record. Because rectification jurisdiction is confined to patent errors, the rectification authority was not justified in reopening the assessment, and the rejection of rectification was upheld. en-us Thu, 11 Mar 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406483 An assessee may waive a statutory assessment benefit where no fundamental right is involved, and the assessing authority may rely on the assessee's own written acceptance. Here, the assessee had accepted application of the invisible loss ratio at 5%, so the assessment order did not disclose any error apparent on the face of the record. Because rectification jurisdiction is confined to patent errors, the rectification authority was not justified in reopening the assessment, and the rejection of rectification was upheld. Case-Laws VAT and Sales Tax Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406483