https://www.taxtmi.com/caselaws?id=39658 A rectification notice issued under the Income-tax Act, 1961 was held not properly issued for an assessment completed before 1 April 1962, but it was nevertheless sustainable in substance as a notice under section 35 of the Indian Income-tax Act, 1922. The text also states that rectification under section 35(5) could operate where the firm's assessment was completed under the 1961 Act, because the rectification machinery follows the statutory setting governing the firm's assessment. On that basis, the challenge to the partner's assessment based on the firm's later assessment failed, and the impugned demand and consequential steps were left undisturbed. en-us Thu, 21 Mar 1974 00:00:00 +0530 Mon, 19 Apr 2010 15:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39658 A rectification notice issued under the Income-tax Act, 1961 was held not properly issued for an assessment completed before 1 April 1962, but it was nevertheless sustainable in substance as a notice under section 35 of the Indian Income-tax Act, 1922. The text also states that rectification under section 35(5) could operate where the firm's assessment was completed under the 1961 Act, because the rectification machinery follows the statutory setting governing the firm's assessment. On that basis, the challenge to the partner's assessment based on the firm's later assessment failed, and the impugned demand and consequential steps were left undisturbed. Case-Laws Income Tax Thu, 21 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39658