https://www.taxtmi.com/caselaws?id=180274 The Tribunal dismissed the application, upholding the disallowance under section 40A(8) of the Income-tax Act. It reiterated that interest credited to the creditor's account constituted a deposit, rejecting the argument that it was an outflow. The Tribunal held it lacked the power to review its order for debatable issues, emphasizing that rectification under section 254(2) is only for obvious mistakes. The application was deemed meritless and dismissed. en-us Mon, 23 Sep 1996 00:00:00 +0530 Sat, 19 Mar 2016 14:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180274 The Tribunal dismissed the application, upholding the disallowance under section 40A(8) of the Income-tax Act. It reiterated that interest credited to the creditor's account constituted a deposit, rejecting the argument that it was an outflow. The Tribunal held it lacked the power to review its order for debatable issues, emphasizing that rectification under section 254(2) is only for obvious mistakes. The application was deemed meritless and dismissed. Case-Laws Income Tax Mon, 23 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180274