https://www.taxtmi.com/caselaws?id=261986 The Tribunal dismissed the assessee's Miscellaneous Application seeking rectification of the order concerning indirect expenses debited to the profit and loss account. The Tribunal clarified that rectification is limited to correcting arithmetical or clerical mistakes and cannot be used to review decisions based on different interpretations of facts or law. Emphasizing the statutory limitations on its power, the Tribunal upheld its original order, highlighting the importance of providing complete and accurate information in income tax assessments. en-us Fri, 24 Jul 2015 00:00:00 +0530 Wed, 29 Jul 2015 07:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261986 The Tribunal dismissed the assessee's Miscellaneous Application seeking rectification of the order concerning indirect expenses debited to the profit and loss account. The Tribunal clarified that rectification is limited to correcting arithmetical or clerical mistakes and cannot be used to review decisions based on different interpretations of facts or law. Emphasizing the statutory limitations on its power, the Tribunal upheld its original order, highlighting the importance of providing complete and accurate information in income tax assessments. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261986