https://www.taxtmi.com/caselaws?id=207487 The Tribunal allowed the Revenue's Miscellaneous Application, restoring the disallowance of depreciation on the BSE membership card claimed by the assessee. It held that non-consideration of a decision by the jurisdictional High Court or the Supreme Court can be rectified under the Act, emphasizing the retrospective effect of judicial decisions and the necessity of rectification for justice. The Tribunal found that subsequent decisions of higher forums were applicable in rectification applications, especially when there was no dispute post the higher court's ruling on the issue. en-us Mon, 15 Feb 2010 00:00:00 +0530 Wed, 14 Dec 2011 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207487 The Tribunal allowed the Revenue's Miscellaneous Application, restoring the disallowance of depreciation on the BSE membership card claimed by the assessee. It held that non-consideration of a decision by the jurisdictional High Court or the Supreme Court can be rectified under the Act, emphasizing the retrospective effect of judicial decisions and the necessity of rectification for justice. The Tribunal found that subsequent decisions of higher forums were applicable in rectification applications, especially when there was no dispute post the higher court's ruling on the issue. Case-Laws Income Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207487