https://www.taxtmi.com/caselaws?id=203210 The Tribunal dismissed the application for rectification of its order under section 254(2) of the Income Tax Act, emphasizing that rectification is only permissible for clear mistakes evident from the record, not debatable issues. The disallowance of commissions by the partnership firm was upheld due to insufficient evidence of services rendered, and penalties for concealment of income were confirmed based on the lack of supporting evidence. Affidavits retracting earlier statements were deemed inadmissible as fresh evidence, and the Tribunal affirmed its authority to rectify only mistakes apparent from the record, not to review decisions. en-us Tue, 14 Dec 2010 00:00:00 +0530 Fri, 22 Apr 2011 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203210 The Tribunal dismissed the application for rectification of its order under section 254(2) of the Income Tax Act, emphasizing that rectification is only permissible for clear mistakes evident from the record, not debatable issues. The disallowance of commissions by the partnership firm was upheld due to insufficient evidence of services rendered, and penalties for concealment of income were confirmed based on the lack of supporting evidence. Affidavits retracting earlier statements were deemed inadmissible as fresh evidence, and the Tribunal affirmed its authority to rectify only mistakes apparent from the record, not to review decisions. Case-Laws Income Tax Tue, 14 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203210