https://www.taxtmi.com/caselaws?id=264620 The Tribunal dismissed the Miscellaneous Application seeking rectification of an order regarding the claim for bad and doubtful debts under section 36(1)(vii) of the Income-tax Act. The Tribunal held that rectification powers are limited to correcting apparent or arithmetical errors, not for reviewing or modifying orders based on fresh legal interpretations. The decision emphasized the finality of Tribunal orders unless a clear mistake on the record is identified, reinforcing that rectification is not a tool for challenging legal interpretations or facts presented in the original order. en-us Wed, 02 Sep 2015 00:00:00 +0530 Tue, 29 Sep 2015 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264620 The Tribunal dismissed the Miscellaneous Application seeking rectification of an order regarding the claim for bad and doubtful debts under section 36(1)(vii) of the Income-tax Act. The Tribunal held that rectification powers are limited to correcting apparent or arithmetical errors, not for reviewing or modifying orders based on fresh legal interpretations. The decision emphasized the finality of Tribunal orders unless a clear mistake on the record is identified, reinforcing that rectification is not a tool for challenging legal interpretations or facts presented in the original order. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264620