https://www.taxtmi.com/caselaws?id=55880 Omission to levy mandatory additional wealth-tax on urban immovable property was treated as a mistake apparent from the record because the liability arose under the relevant schedule and the error was purely computational. The ITAT held that such an omission could be corrected in rectification proceedings under section 35 of the Wealth-tax Act, 1957, since the issue was not debatable and the levy followed automatically from the assessment record. The rectification was therefore valid and the additional wealth-tax demand was sustained against the assessee. en-us Fri, 26 Apr 1985 00:00:00 +0530 Tue, 30 Nov 2010 15:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55880 Omission to levy mandatory additional wealth-tax on urban immovable property was treated as a mistake apparent from the record because the liability arose under the relevant schedule and the error was purely computational. The ITAT held that such an omission could be corrected in rectification proceedings under section 35 of the Wealth-tax Act, 1957, since the issue was not debatable and the levy followed automatically from the assessment record. The rectification was therefore valid and the additional wealth-tax demand was sustained against the assessee. Case-Laws Wealth-tax Fri, 26 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55880