https://www.taxtmi.com/caselaws?id=28315 Rectification under section 35 of the Wealth-tax Act, 1957 is confined to mistakes apparent from the record, and it cannot be used where the issue depends on rival interpretations or disputed questions of law and fact. Although the amendment to section 5(1)(viii) by the Finance Act No. 2 of 1971 was retrospective, whether the assessee's gold ornaments and jewellery fell within the pre-amendment exemption remained debatable. The appellate order therefore could not be rectified to include the value of the ornaments and jewellery in net wealth. en-us Tue, 14 Sep 1982 00:00:00 +0530 Sat, 20 Feb 2010 13:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28315 Rectification under section 35 of the Wealth-tax Act, 1957 is confined to mistakes apparent from the record, and it cannot be used where the issue depends on rival interpretations or disputed questions of law and fact. Although the amendment to section 5(1)(viii) by the Finance Act No. 2 of 1971 was retrospective, whether the assessee's gold ornaments and jewellery fell within the pre-amendment exemption remained debatable. The appellate order therefore could not be rectified to include the value of the ornaments and jewellery in net wealth. Case-Laws Wealth-tax Tue, 14 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28315