https://www.taxtmi.com/caselaws?id=271235 The Tribunal dismissed the miscellaneous application seeking rectification of an order for the assessment year 2006-07 under sec. 254(2) of the Act. The application was based on new facts regarding the shareholding pattern affecting the eligibility to set off brought forward losses. The Tribunal held that the introduced facts did not constitute a mistake apparent from the record and that rectification was not permissible for issues arising from subsequently introduced facts. The original order denying the set off of losses was upheld, and the application was dismissed on 1st Jan, 2016. en-us Fri, 01 Jan 2016 00:00:00 +0530 Sat, 30 Jan 2016 10:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271235 The Tribunal dismissed the miscellaneous application seeking rectification of an order for the assessment year 2006-07 under sec. 254(2) of the Act. The application was based on new facts regarding the shareholding pattern affecting the eligibility to set off brought forward losses. The Tribunal held that the introduced facts did not constitute a mistake apparent from the record and that rectification was not permissible for issues arising from subsequently introduced facts. The original order denying the set off of losses was upheld, and the application was dismissed on 1st Jan, 2016. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271235