ITAT Chennai Corrects Error in Reserves Amount - Upholding Judicial Accuracy

The Appellate Tribunal ITAT Chennai issued a Corrigendum Order to rectify a mistake in a previous order related to an assessee's reserves and surplus amount. The original order incorrectly stated the amount in lacs instead of crores. The Corrigendum Order corrected this error, emphasizing the Tribunal's commitment to accuracy in judicial records. The rest of the order remained unchanged, with the correction being the sole focus of the Corrigendum, ensuring the integrity of the judicial proceedings.

---

---

Issues involved: Correction of mistake apparent from record in a judicial order.

Analysis:
The judgment pertains to a Corrigendum Order issued by the Appellate Tribunal ITAT Chennai to rectify a mistake apparent from the record in a previous order. The assessee had filed a Stay Petition related to an appeal for the Assessment Year 2015-16, which was disposed of by a Division Bench 'C', Chennai Bench. The mistake in question was identified in page 3, lines 11-14 of the order dated 20.12.2019. The original order incorrectly stated the reserves and surplus of a company at Rs. 289.29 lacs, whereas the correct amount was Rs. 289.29 crores. The Corrigendum Order was issued to correct this error, and it modified the original order accordingly. The rest of the order remained unchanged, with the correction being the sole focus of the Corrigendum. The correction was made suo moto, emphasizing the Tribunal's commitment to maintaining accuracy in judicial records and rectifying errors promptly. The Corrigendum Order effectively rectified the mistake apparent from the records, ensuring the accuracy and integrity of the judicial proceedings.

---