https://www.taxtmi.com/caselaws?id=121198 The Tribunal dismissed the assessee's second miscellaneous application under section 254(2) challenging the addition of Rs. 11 lakhs as income from undisclosed sources. The Tribunal held that the power of rectification is limited to correcting mistakes apparent from the record and does not allow for rehearing or rearguing the matter. It found no error in the original order, as the addition was based on substantial evidence and proper appreciation of facts, directing the matter to be listed before the Division Bench for a decision in line with the majority view. en-us Mon, 12 Oct 2009 00:00:00 +0530 Fri, 31 May 2013 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121198 The Tribunal dismissed the assessee's second miscellaneous application under section 254(2) challenging the addition of Rs. 11 lakhs as income from undisclosed sources. The Tribunal held that the power of rectification is limited to correcting mistakes apparent from the record and does not allow for rehearing or rearguing the matter. It found no error in the original order, as the addition was based on substantial evidence and proper appreciation of facts, directing the matter to be listed before the Division Bench for a decision in line with the majority view. Case-Laws Income Tax Mon, 12 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121198