"April, 1958" Archive

Obvious mistake of law cannot be rectified U/s. 154, while mistake apparent from record can be rectified

M. K. Venkatachalaivi, I.T.O and Another Vs Bombay Dyeing and Mfg. Co., Ltd. (Supreme Court of India)

Held, that the Income-tax Officer was justified in exercising his powers under s. 35 and rectifying the mistake. As a result of, the legal fiction about the retrospective operation of the Amendment Act, the subsequently inserted proviso must be read as....

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