https://www.taxtmi.com/caselaws?id=78135 The High Court of Allahabad ruled in a case involving the Income-tax Appellate Tribunal's power under section 254(2) of the Income-tax Act. The Tribunal recalled its order and directed a de novo hearing after factual mistakes were identified. The Court held that the Tribunal has the authority to rectify errors on record, especially if they are fundamental, either within the existing order or through a new hearing. The decision favored the assessee, emphasizing the Tribunal's discretion to correct significant mistakes for ensuring decision accuracy. en-us Wed, 09 Sep 2009 00:00:00 +0530 Tue, 02 Nov 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78135 The High Court of Allahabad ruled in a case involving the Income-tax Appellate Tribunal's power under section 254(2) of the Income-tax Act. The Tribunal recalled its order and directed a de novo hearing after factual mistakes were identified. The Court held that the Tribunal has the authority to rectify errors on record, especially if they are fundamental, either within the existing order or through a new hearing. The decision favored the assessee, emphasizing the Tribunal's discretion to correct significant mistakes for ensuring decision accuracy. Case-Laws Income Tax Wed, 09 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78135