https://www.taxtmi.com/caselaws?id=39487 The court affirmed the Income-tax Officer's authority to rectify the assessment order for the year 1962-63 under section 154 of the Income-tax Act, 1961. The inclusion of income from two hotels, not belonging to the assessee, was found to be a mistake apparent from the record. Relying on precedents, the court emphasized that substantive errors, not just clerical mistakes, can be rectified. The decision aligned with the principle that legal misinterpretations leading to errors can be corrected. Consequently, the court allowed the exclusion of hotel income from the total income, supporting the Income-tax Officer's rectification. en-us Wed, 18 Jul 1973 00:00:00 +0530 Fri, 16 Apr 2010 17:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39487 The court affirmed the Income-tax Officer's authority to rectify the assessment order for the year 1962-63 under section 154 of the Income-tax Act, 1961. The inclusion of income from two hotels, not belonging to the assessee, was found to be a mistake apparent from the record. Relying on precedents, the court emphasized that substantive errors, not just clerical mistakes, can be rectified. The decision aligned with the principle that legal misinterpretations leading to errors can be corrected. Consequently, the court allowed the exclusion of hotel income from the total income, supporting the Income-tax Officer's rectification. Case-Laws Income Tax Wed, 18 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39487