https://www.taxtmi.com/caselaws?id=233633 The Tribunal held that the Miscellaneous Application filed by the assessee after four years was barred by limitation under Section 254(2) of the Income Tax Act and deserved to be dismissed. It emphasized that the inherent jurisdiction of the Tribunal does not extend to bypassing statutory limitation periods. The Tribunal also clarified that Rule 24 of the Income Tax Appellate Tribunal Rules does not provide an independent basis to recall orders beyond the statutory limitation period. Consequently, the application was dismissed due to being time-barred, with no sufficient reason provided for the delay. en-us Wed, 10 Apr 2013 00:00:00 +0530 Thu, 09 May 2013 06:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233633 The Tribunal held that the Miscellaneous Application filed by the assessee after four years was barred by limitation under Section 254(2) of the Income Tax Act and deserved to be dismissed. It emphasized that the inherent jurisdiction of the Tribunal does not extend to bypassing statutory limitation periods. The Tribunal also clarified that Rule 24 of the Income Tax Appellate Tribunal Rules does not provide an independent basis to recall orders beyond the statutory limitation period. Consequently, the application was dismissed due to being time-barred, with no sufficient reason provided for the delay. Case-Laws Income Tax Wed, 10 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233633