https://www.taxtmi.com/caselaws?id=55175 Rectification power under section 13 of the Companies (Profits) Surtax Act, 1964 could not be used to revise chargeable profits where the point was debatable and had produced divergent Tribunal views. The Tribunal treated the allowance of the sum in computing chargeable profits as a question not free from doubt, noting conflicting Benches and the need for Special Bench reference on the treatment of deposits under the Companies Deposit (Surcharge on Income-tax) Scheme, 1976. Applying the principle that a rectification provision cannot correct a matter requiring detailed argument, it held that there was no mistake apparent from the record and the enhancement order was liable to be cancelled. en-us Sat, 25 Aug 1984 00:00:00 +0530 Wed, 24 Nov 2010 12:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55175 Rectification power under section 13 of the Companies (Profits) Surtax Act, 1964 could not be used to revise chargeable profits where the point was debatable and had produced divergent Tribunal views. The Tribunal treated the allowance of the sum in computing chargeable profits as a question not free from doubt, noting conflicting Benches and the need for Special Bench reference on the treatment of deposits under the Companies Deposit (Surcharge on Income-tax) Scheme, 1976. Applying the principle that a rectification provision cannot correct a matter requiring detailed argument, it held that there was no mistake apparent from the record and the enhancement order was liable to be cancelled. Case-Laws Income Tax Sat, 25 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55175