https://www.taxtmi.com/caselaws?id=36963 Rectification under section 13 of the Companies (Profits) Surtax Act, 1964 is confined to an obvious and patent mistake apparent from the record, applying the same principle as section 154 of the Income-tax Act, 1961. A point requiring long-drawn reasoning or involving competing views on law or fact cannot be corrected through rectification. The proposed corrections here, including the treatment of deductions under sections 80-I and 80J, the impact of bonus shares on capital computation, and the nature of reserves, all raised debatable legal and factual questions rather than self-evident errors. The notices were therefore without jurisdiction and the assessee succeeded. en-us Sat, 15 Jul 1978 00:00:00 +0530 Thu, 25 Mar 2010 16:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36963 Rectification under section 13 of the Companies (Profits) Surtax Act, 1964 is confined to an obvious and patent mistake apparent from the record, applying the same principle as section 154 of the Income-tax Act, 1961. A point requiring long-drawn reasoning or involving competing views on law or fact cannot be corrected through rectification. The proposed corrections here, including the treatment of deductions under sections 80-I and 80J, the impact of bonus shares on capital computation, and the nature of reserves, all raised debatable legal and factual questions rather than self-evident errors. The notices were therefore without jurisdiction and the assessee succeeded. Case-Laws Income Tax Sat, 15 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36963