2013 (1) TMI 838 - AT - Income Tax

Tribunal denies rectification request, emphasizing limits on review powers.

The Tribunal rejected the applicants' request for rectification/recall of its order under S.254(2) of the Income-tax Act, 1961 for the assessment year ... - Issues involved: Application for rectification/recall of the order of the Tribunal u/s 254(2) of the Income-tax Act, 1961 regarding the assessment year 2007-08.Details of the judgment:The applicants sought rectification/recall of the Tribunal's order, disputing the findings related to the nature of land and non-mentioning of certain citations relied upon. The Tribunal considered all contentions and found no material omission or mistake in recording the arguments. The power of rectification u/s 254(2) is limited to mistakes apparent from the record, not for reviewing its own order. The Tribunal cannot recall its order based on a change of opinion or new arguments. The judgment cited the case law to support this principle.The Tribunal emphasized that rectification is confined to mistakes that are patent and obvious, not requiring lengthy arguments or investigation. It cannot be used to review or rewrite an order based on different interpretations of the law. The judgment highlighted that the Tribunal must act within the limits set by the statute and does not have inherent power of review. The application for rectification was rejected as the Tribunal found no merit in the arguments presented by the applicants.In conclusion, the Tribunal rejected all the Miscellaneous Applications of the assessees seeking rectification/recall of the order, emphasizing that rectification under S.254(2) is limited to correcting mistakes apparent from the record, not for re-arguing the case or seeking a review of the order based on different legal interpretations.