https://www.taxtmi.com/caselaws?id=36721 Consequential rectification of partners' assessments was permissible where the firm's assessment had first been rectified. Section 35(5) of the Indian Income-tax Act, 1922 was construed broadly to cover correction of a partner's assessment when the firm's assessment or reassessment changed, and the reference to "assessment or reassessment" was not read narrowly to exclude rectification. Although the Income-tax Officer cited section 155 of the Income-tax Act, 1961, the incorrect statutory reference did not invalidate the action because the substantive authority existed under the applicable 1922 Act provision. en-us Mon, 21 Apr 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36721 Consequential rectification of partners' assessments was permissible where the firm's assessment had first been rectified. Section 35(5) of the Indian Income-tax Act, 1922 was construed broadly to cover correction of a partner's assessment when the firm's assessment or reassessment changed, and the reference to "assessment or reassessment" was not read narrowly to exclude rectification. Although the Income-tax Officer cited section 155 of the Income-tax Act, 1961, the incorrect statutory reference did not invalidate the action because the substantive authority existed under the applicable 1922 Act provision. Case-Laws Income Tax Mon, 21 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36721