https://www.taxtmi.com/caselaws?id=55364 Rectification of an assessment for omitted interest under the Income-tax Act is unavailable where the alleged error depends on debatable circumstances. Where assessed tax exceeded advance tax, interest was not initially charged; however, the Assessing Officer's delay in taking up the assessment and the possible application of discretionary waiver provisions required substantive consideration. Because these matters made the existence of a mistake open to argument rather than apparent from the record, summary rectification to charge interest was not sustained. en-us Thu, 07 Apr 1977 00:00:00 +0530 Fri, 26 Nov 2010 16:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55364 Rectification of an assessment for omitted interest under the Income-tax Act is unavailable where the alleged error depends on debatable circumstances. Where assessed tax exceeded advance tax, interest was not initially charged; however, the Assessing Officer's delay in taking up the assessment and the possible application of discretionary waiver provisions required substantive consideration. Because these matters made the existence of a mistake open to argument rather than apparent from the record, summary rectification to charge interest was not sustained. Case-Laws Income Tax Thu, 07 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55364