https://www.taxtmi.com/caselaws?id=37987 A connected income-tax appellate order can reveal a mistake apparent from the record in a surtax assessment where the surtax computation depended on the earlier income-tax position. After the reassessment under section 147 was cancelled in appeal, the basis for the prior surtax relief disappeared, and the interdependence of the two assessments justified rectification under section 13 of the Companies (Profits) Surtax Act, 1964. Because the rectification was made within the prescribed four-year period, the HC held it to be valid and answered the reference in favour of the Revenue. en-us Fri, 24 Feb 1978 00:00:00 +0530 Fri, 02 Apr 2010 14:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37987 A connected income-tax appellate order can reveal a mistake apparent from the record in a surtax assessment where the surtax computation depended on the earlier income-tax position. After the reassessment under section 147 was cancelled in appeal, the basis for the prior surtax relief disappeared, and the interdependence of the two assessments justified rectification under section 13 of the Companies (Profits) Surtax Act, 1964. Because the rectification was made within the prescribed four-year period, the HC held it to be valid and answered the reference in favour of the Revenue. Case-Laws Income Tax Fri, 24 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37987