https://www.taxtmi.com/caselaws?id=258530 The court held that the Tribunal exceeded its jurisdiction in recalling its order under Section 35 of the Wealth Tax Act, emphasizing that such recall is limited to rectifying manifest errors, not re-evaluating the case. The original order favoring the assessee was reinstated, highlighting the importance of adherence to strict rectification guidelines to avoid unnecessary litigation. The Department was granted the opportunity to pursue the matter further within the confines of the law, with the period of pending litigation excluded for limitation purposes. Appeals were allowed in favor of the assessee. en-us Wed, 11 Mar 2015 00:00:00 +0530 Wed, 12 Aug 2015 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258530 The court held that the Tribunal exceeded its jurisdiction in recalling its order under Section 35 of the Wealth Tax Act, emphasizing that such recall is limited to rectifying manifest errors, not re-evaluating the case. The original order favoring the assessee was reinstated, highlighting the importance of adherence to strict rectification guidelines to avoid unnecessary litigation. The Department was granted the opportunity to pursue the matter further within the confines of the law, with the period of pending litigation excluded for limitation purposes. Appeals were allowed in favor of the assessee. Case-Laws Wealth-tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258530