https://www.taxtmi.com/caselaws?id=180315 The Tribunal dismissed the revenue's application for rectification under section 154 of the Income Tax Act, holding that there was no mistake apparent from the record in the order passed by the Tribunal. The Tribunal emphasized that proceedings concluded under the existing law do not constitute a basis for rectification, especially in light of retrospective amendments introduced after the order was passed. The Tribunal relied on relevant case law and jurisdictional High Court decisions to support its conclusion, ultimately rejecting the revenue's application for rectification. en-us Wed, 10 Mar 2010 00:00:00 +0530 Mon, 21 Mar 2016 13:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180315 The Tribunal dismissed the revenue's application for rectification under section 154 of the Income Tax Act, holding that there was no mistake apparent from the record in the order passed by the Tribunal. The Tribunal emphasized that proceedings concluded under the existing law do not constitute a basis for rectification, especially in light of retrospective amendments introduced after the order was passed. The Tribunal relied on relevant case law and jurisdictional High Court decisions to support its conclusion, ultimately rejecting the revenue's application for rectification. Case-Laws Income Tax Wed, 10 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180315