https://www.taxtmi.com/caselaws?id=340158 The Tribunal dismissed the Miscellaneous Application (MA) seeking rectification of an order disallowing a deduction for lease rentals paid for vehicles taken on finance lease. The Tribunal held that allowing the rectification would amount to a review of the entire order, which is impermissible under the IT Act. Emphasizing the limited scope of rectification under Section 254(2), the Tribunal highlighted the importance of consistency in decisions and concluded that there was no mistake apparent from the record requiring rectification. The assessee was advised to explore other legal remedies. en-us Wed, 22 Feb 2017 00:00:00 +0530 Thu, 16 Mar 2017 10:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340158 The Tribunal dismissed the Miscellaneous Application (MA) seeking rectification of an order disallowing a deduction for lease rentals paid for vehicles taken on finance lease. The Tribunal held that allowing the rectification would amount to a review of the entire order, which is impermissible under the IT Act. Emphasizing the limited scope of rectification under Section 254(2), the Tribunal highlighted the importance of consistency in decisions and concluded that there was no mistake apparent from the record requiring rectification. The assessee was advised to explore other legal remedies. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340158