https://www.taxtmi.com/caselaws?id=120530 The ITAT dismissed the assessee's miscellaneous petition seeking rectification of the order, stating that no apparent mistakes were found in the original order. The ITAT clarified that rectification is limited to correcting obvious errors and not re-evaluating the case's merits. The Bench upheld its decision, emphasizing that all relevant material was considered, and reliance on Supreme Court and High Court decisions was appropriate. The application was dismissed as the arguments and case laws presented did not demonstrate any errors warranting rectification under section 254(2) of the Act. en-us Fri, 25 Apr 2008 00:00:00 +0530 Sat, 21 Jul 2012 10:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120530 The ITAT dismissed the assessee's miscellaneous petition seeking rectification of the order, stating that no apparent mistakes were found in the original order. The ITAT clarified that rectification is limited to correcting obvious errors and not re-evaluating the case's merits. The Bench upheld its decision, emphasizing that all relevant material was considered, and reliance on Supreme Court and High Court decisions was appropriate. The application was dismissed as the arguments and case laws presented did not demonstrate any errors warranting rectification under section 254(2) of the Act. Case-Laws Income Tax Fri, 25 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120530