https://www.taxtmi.com/caselaws?id=180321 The Miscellaneous Application u/s.254(2) seeking rectification of an ITAT order regarding penalty u/s.271(1)(c) was dismissed. The Tribunal found conflicting affidavits on whether a specific judgment was cited during the hearing. The penalty was upheld based on independent reasoning regarding deductions u/s.80-I and 80-HHA for profit on the sale of shares not related to the manufacturing business. The Tribunal emphasized that rectification is not for reviewing orders without clear mistakes. The Miscellaneous Application was dismissed on May 21, 2010. en-us Fri, 21 May 2010 00:00:00 +0530 Mon, 21 Mar 2016 15:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180321 The Miscellaneous Application u/s.254(2) seeking rectification of an ITAT order regarding penalty u/s.271(1)(c) was dismissed. The Tribunal found conflicting affidavits on whether a specific judgment was cited during the hearing. The penalty was upheld based on independent reasoning regarding deductions u/s.80-I and 80-HHA for profit on the sale of shares not related to the manufacturing business. The Tribunal emphasized that rectification is not for reviewing orders without clear mistakes. The Miscellaneous Application was dismissed on May 21, 2010. Case-Laws Income Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180321