https://www.taxtmi.com/caselaws?id=177437 The Tribunal recalled its previous order due to errors identified in the application of section 40A(2)(b) for the assessment year 2005-06. The Tribunal acknowledged mistakes in distinguishing precedents and disallowing excess discount, citing relevant case laws. Relying on Delhi High Court judgments and a Coordinate Bench, the Tribunal found the errors to be apparent from the record and allowed the assessee's Miscellaneous Application. The order was set aside for fresh adjudication, emphasizing the importance of legal principles and precedents in decision-making. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 13 Sep 2016 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177437 The Tribunal recalled its previous order due to errors identified in the application of section 40A(2)(b) for the assessment year 2005-06. The Tribunal acknowledged mistakes in distinguishing precedents and disallowing excess discount, citing relevant case laws. Relying on Delhi High Court judgments and a Coordinate Bench, the Tribunal found the errors to be apparent from the record and allowed the assessee's Miscellaneous Application. The order was set aside for fresh adjudication, emphasizing the importance of legal principles and precedents in decision-making. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177437