https://www.taxtmi.com/caselaws?id=180107 The Tribunal rejected the applicants' request for rectification/recall of its order under S.254(2) of the Income-tax Act, 1961 for the assessment year 2007-08. The Tribunal held that rectification is only permissible for mistakes apparent from the record and cannot be used to review or rewrite an order based on new arguments or different legal interpretations. The Tribunal emphasized that it does not possess inherent power of review and must act within statutory limits. Consequently, the Tribunal dismissed all Miscellaneous Applications seeking rectification/recall of the order. en-us Fri, 11 Jan 2013 00:00:00 +0530 Wed, 16 Mar 2016 17:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180107 The Tribunal rejected the applicants' request for rectification/recall of its order under S.254(2) of the Income-tax Act, 1961 for the assessment year 2007-08. The Tribunal held that rectification is only permissible for mistakes apparent from the record and cannot be used to review or rewrite an order based on new arguments or different legal interpretations. The Tribunal emphasized that it does not possess inherent power of review and must act within statutory limits. Consequently, the Tribunal dismissed all Miscellaneous Applications seeking rectification/recall of the order. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180107