https://www.taxtmi.com/caselaws?id=217779 The Tribunal dismissed the assessee's application, affirming that rectification under section 254(2) of the Income Tax Act is limited to correcting obvious and patent mistakes apparent from the record, not for reviewing or re-arguing a case. The Tribunal emphasized that the power of rectification does not extend to revising orders, citing various judicial precedents. The Tribunal found no jurisdictional error in the reassessment proceedings, concluding that the incorrect date and address did not invalidate the proceedings initiated within the prescribed time limit. en-us Fri, 12 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217779 The Tribunal dismissed the assessee's application, affirming that rectification under section 254(2) of the Income Tax Act is limited to correcting obvious and patent mistakes apparent from the record, not for reviewing or re-arguing a case. The Tribunal emphasized that the power of rectification does not extend to revising orders, citing various judicial precedents. The Tribunal found no jurisdictional error in the reassessment proceedings, concluding that the incorrect date and address did not invalidate the proceedings initiated within the prescribed time limit. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217779