Promissory note presumption of consideration survives blank-signature and income-tax non-disclosure objections when admissions and attesting evidence ...
Charitable registration cancellation: limitation and jurisdiction upheld, but withdrawal quashed under discontinued provisions for skill-development e...
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ITAT rejected Revenue's application for rectification under Section 254(2). The Tribunal determined that the application was essentially a disguised attempt to review the original order, which is impermissible. The Tribunal emphasized that its power under Section 254(2) is limited to correcting apparent mistakes on the record, not re-examining the merits of the case. Relying on precedent, the Tribunal held that revisiting the original order's substantive findings falls outside the scope of Section 254(2). Consequently, the Miscellaneous Application was dismissed, with the Tribunal maintaining its original order and finding no mistake apparent on the record warranting rectification.
ITAT rejected Revenue's application for rectification under Section 254(2). The Tribunal determined that the application was essentially a disguised attempt to review the original order, which is impermissible. The Tribunal emphasized that its power under Section 254(2) is limited to correcting apparent mistakes on the record, not re-examining the merits of the case. Relying on precedent, the Tribunal held that revisiting the original order's substantive findings falls outside the scope of Section 254(2). Consequently, the Miscellaneous Application was dismissed, with the Tribunal maintaining its original order and finding no mistake apparent on the record warranting rectification.
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