https://www.taxtmi.com/caselaws?id=259099 The High Court allowed the Writ Petition, emphasizing the Tribunal's authority to rectify mistakes under section 254(2) of the Income Tax Act and directing the Tribunal to reconsider the petitioner's application for rectification in light of the correct legal interpretation. The Court held that seeking remedies before two authorities simultaneously was permissible, and the Tribunal's decision to reject the application solely based on the pending appeal before the High Court was unsustainable. The Tribunal was instructed to hear the application expeditiously and decide in accordance with the law. en-us Wed, 08 Apr 2015 00:00:00 +0530 Sat, 07 Nov 2015 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259099 The High Court allowed the Writ Petition, emphasizing the Tribunal's authority to rectify mistakes under section 254(2) of the Income Tax Act and directing the Tribunal to reconsider the petitioner's application for rectification in light of the correct legal interpretation. The Court held that seeking remedies before two authorities simultaneously was permissible, and the Tribunal's decision to reject the application solely based on the pending appeal before the High Court was unsustainable. The Tribunal was instructed to hear the application expeditiously and decide in accordance with the law. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259099