https://www.taxtmi.com/caselaws?id=180309 The Tribunal held that the Assessee's retirement from the firm and receiving a sum in lieu of giving up all rights constituted a transfer of a capital asset, resulting in a capital gain. The Tribunal dismissed the Assessee's arguments regarding alleged mistakes in its order, stating they did not constitute errors apparent from the record. The Tribunal emphasized its limited power to rectify mistakes and concluded that the Assessee's objections were hypothetical and did not demonstrate any clear error in the original order. en-us Wed, 23 Mar 2011 00:00:00 +0530 Mon, 21 Mar 2016 12:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180309 The Tribunal held that the Assessee's retirement from the firm and receiving a sum in lieu of giving up all rights constituted a transfer of a capital asset, resulting in a capital gain. The Tribunal dismissed the Assessee's arguments regarding alleged mistakes in its order, stating they did not constitute errors apparent from the record. The Tribunal emphasized its limited power to rectify mistakes and concluded that the Assessee's objections were hypothetical and did not demonstrate any clear error in the original order. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180309