Mistake arising as a result of subsequent interpretation of law by Supreme Court - Whether constitute mistake apparent from the record - Income Tax - 234/1977

Circular No. 234 Dated 17/12/1977 SECTION 61 - RECTIFICATION of MISTAKES Mistake arising as a result of subsequent interpretation of law by Supreme Court - Whether constitute mistake apparent from the record 1. Attention is invited to the Board's Circular No. 68 [F. No. 245/17/71-A PAC], dated 17-11-1971, wherein it has been stated, inter alia, that a mistake 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, 1922/1961 would be in order. 2. It is hereby clarified that the instructions contained in the abovementioned circular will also apply mutatis mutandis for the purposes of section 61 of the Estate Duty Act, 1953. Circular : No. 234 [F. No. 296/9/77-ED], dated 17-12-1977.