https://www.taxtmi.com/caselaws?id=55612 Failure to apply a binding Supreme Court ruling directly governing valuation of acquired land under wealth-tax law constitutes a mistake apparent from the record. The majority considered the ruling materially relevant to the core valuation issue and required reconsideration of the earlier valuation through rectification proceedings. The miscellaneous application was allowed and the matter was remitted for disposal in accordance with law. A concurring view agreed that omission to apply the governing ruling was an apparent mistake, while the dissent considered the ruling inapplicable and found no rectifiable error. en-us Sun, 09 Sep 1984 00:00:00 +0530 Mon, 29 Nov 2010 10:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55612 Failure to apply a binding Supreme Court ruling directly governing valuation of acquired land under wealth-tax law constitutes a mistake apparent from the record. The majority considered the ruling materially relevant to the core valuation issue and required reconsideration of the earlier valuation through rectification proceedings. The miscellaneous application was allowed and the matter was remitted for disposal in accordance with law. A concurring view agreed that omission to apply the governing ruling was an apparent mistake, while the dissent considered the ruling inapplicable and found no rectifiable error. Case-Laws Wealth-tax Sun, 09 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55612