https://www.taxtmi.com/caselaws?id=28946 Rectification under the income-tax record is confined to errors apparent from the relevant assessment year and cannot be used to reopen issues needing fresh inquiry or material from another year. A reduction of car depreciation from 30% to 10% was invalid because the newly purchased car qualified for the applicable additional allowance; a purported profit on sale of the car also could not be taxed through rectification and had to be pursued, if at all, through escaped-income proceedings. Vehicle maintenance expenditure could not be cut by relying on a prior year's assessment record. Rectification of the life insurance premia deduction was valid only to the extent of the admitted excess allowance apparent on record. en-us Thu, 30 Sep 1982 00:00:00 +0530 Mon, 08 Mar 2010 17:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28946 Rectification under the income-tax record is confined to errors apparent from the relevant assessment year and cannot be used to reopen issues needing fresh inquiry or material from another year. A reduction of car depreciation from 30% to 10% was invalid because the newly purchased car qualified for the applicable additional allowance; a purported profit on sale of the car also could not be taxed through rectification and had to be pursued, if at all, through escaped-income proceedings. Vehicle maintenance expenditure could not be cut by relying on a prior year's assessment record. Rectification of the life insurance premia deduction was valid only to the extent of the admitted excess allowance apparent on record. Case-Laws Income Tax Thu, 30 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28946