https://www.taxtmi.com/caselaws?id=37080 Rectification under the income-tax law is confined to an obvious mistake apparent from the record and cannot be used to revisit a debatable legal issue. The Gujarat HC held that withdrawal of the assessee's set-off for losses linked to minor sons' partnership interests could not be sustained because the alleged error depended on contested questions, including the effect of an earlier Gujarat decision, the relevance of the Board's circular, and the interpretation of the partnership deed. As each issue was arguable and capable of differing views, no mistake apparent from the record existed. The rectification orders were therefore liable to be set aside. en-us Mon, 29 Jan 1979 00:00:00 +0530 Fri, 26 Mar 2010 12:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37080 Rectification under the income-tax law is confined to an obvious mistake apparent from the record and cannot be used to revisit a debatable legal issue. The Gujarat HC held that withdrawal of the assessee's set-off for losses linked to minor sons' partnership interests could not be sustained because the alleged error depended on contested questions, including the effect of an earlier Gujarat decision, the relevance of the Board's circular, and the interpretation of the partnership deed. As each issue was arguable and capable of differing views, no mistake apparent from the record existed. The rectification orders were therefore liable to be set aside. Case-Laws Income Tax Mon, 29 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37080