https://www.taxtmi.com/caselaws?id=121367 The Tribunal dismissed the miscellaneous applications seeking rectification of mistakes apparent from the record under section 254(2) of the Income-tax Act, 1961. It held that the issues were adjudicated on merit and did not qualify as obvious mistakes under the law. The Tribunal emphasized that the power of rectification is limited to correcting apparent errors, not reviewing decisions made on merit. Additionally, the Tribunal upheld the Assessing Officer's findings in block assessment cases, emphasizing the importance of relevant evidence in making determinations of undisclosed income. en-us Thu, 11 Jun 2009 00:00:00 +0530 Mon, 30 Jul 2012 12:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121367 The Tribunal dismissed the miscellaneous applications seeking rectification of mistakes apparent from the record under section 254(2) of the Income-tax Act, 1961. It held that the issues were adjudicated on merit and did not qualify as obvious mistakes under the law. The Tribunal emphasized that the power of rectification is limited to correcting apparent errors, not reviewing decisions made on merit. Additionally, the Tribunal upheld the Assessing Officer's findings in block assessment cases, emphasizing the importance of relevant evidence in making determinations of undisclosed income. Case-Laws Income Tax Thu, 11 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121367