Wealth-tax and gift-tax assessments-Mistakes apparent from record--Whether can be treated as such on the basis of decisions of Supreme Court-Clarification regarding

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....-1-1977 Circular Dated:- 24-1-1977 Circular<br>Income Tax<br>Wealth-tax and gift-tax assessments-Mistakes apparent from record--Whether can be treated as such on the basis of decisions of Supreme Cour....

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.... arising as a result of subsequent interpretation of law by the Supreme Court would constitute a "mistake apparent from the record" and rectificatory action under section 35/154 of the Income-tax Act,....