https://www.taxtmi.com/caselaws?id=27663 Rectification under section 35 of the Wealth-tax Act is confined to a mistake apparent from the record, and an order based on a precedent already overruled cannot be sustained on that footing. A rectification made by relying on overruled authority was therefore treated as erroneous and prejudicial to the Revenue, making revisional jurisdiction available. The Tribunal's view that such a rectification lacked legal basis was also upheld. The resulting principle is that rectification cannot rest on obsolete precedent, and revision may validly be invoked against an unsustainable rectification order. en-us Mon, 08 Aug 1983 00:00:00 +0530 Mon, 15 Feb 2010 12:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27663 Rectification under section 35 of the Wealth-tax Act is confined to a mistake apparent from the record, and an order based on a precedent already overruled cannot be sustained on that footing. A rectification made by relying on overruled authority was therefore treated as erroneous and prejudicial to the Revenue, making revisional jurisdiction available. The Tribunal's view that such a rectification lacked legal basis was also upheld. The resulting principle is that rectification cannot rest on obsolete precedent, and revision may validly be invoked against an unsustainable rectification order. Case-Laws Wealth-tax Mon, 08 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27663