https://www.taxtmi.com/caselaws?id=49638 An assessment order valid when made can be rectified if a subsequent retrospective statutory amendment is properly read as operative from an earlier date and thus renders the original assessment plainly inconsistent with the law so deemed to have existed; where the inconsistency is a glaring, obvious mistake of law apparent from the record, the statutory rectification remedy applies and permits correction and consequent demand. Distinctions elsewhere in the amendment statute do not preclude rectification where the face of the record demonstrates a plain legal error caused by the retrospective deeming, and the rectification is therefore lawful in such cases. en-us Mon, 28 Apr 1958 00:00:00 +0530 Fri, 05 Sep 2014 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49638 An assessment order valid when made can be rectified if a subsequent retrospective statutory amendment is properly read as operative from an earlier date and thus renders the original assessment plainly inconsistent with the law so deemed to have existed; where the inconsistency is a glaring, obvious mistake of law apparent from the record, the statutory rectification remedy applies and permits correction and consequent demand. Distinctions elsewhere in the amendment statute do not preclude rectification where the face of the record demonstrates a plain legal error caused by the retrospective deeming, and the rectification is therefore lawful in such cases. Case-Laws Income Tax Mon, 28 Apr 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49638