https://www.taxtmi.com/caselaws?id=34589 Rectification jurisdiction is limited to correcting a mistake apparent from the record and cannot be used to reopen a debatable question of law or substitute one possible view for another. The article also explains that land covered by an operative improvement scheme, where construction is no longer permissible, does not fall within "urban land" under section 2(ea) for wealth-tax purposes. On that basis, the acquired land was excluded from net wealth for the relevant assessment years, and the earlier taxable treatment could not be revived through rectification. en-us Tue, 15 Sep 2009 00:00:00 +0530 Thu, 07 Oct 2010 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34589 Rectification jurisdiction is limited to correcting a mistake apparent from the record and cannot be used to reopen a debatable question of law or substitute one possible view for another. The article also explains that land covered by an operative improvement scheme, where construction is no longer permissible, does not fall within "urban land" under section 2(ea) for wealth-tax purposes. On that basis, the acquired land was excluded from net wealth for the relevant assessment years, and the earlier taxable treatment could not be revived through rectification. Case-Laws Wealth-tax Tue, 15 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34589