https://www.taxtmi.com/caselaws?id=345666 The High Court held that the Tribunal exceeded its rectification powers by extensively re-examining and reversing its earlier decision based on the principle of mutuality. The Court emphasized that rectification powers are limited to correcting mistakes apparent from the record and cannot be used for extensive review. Consequently, the Court set aside the Tribunal's decision to recall its earlier order, rendering the appeals of the assessee non-est. The original order confirming taxability was restored, allowing the assessee to file fresh tax appeals if needed. All writ petitions and tax appeals were disposed of accordingly. en-us Tue, 18 Jul 2017 00:00:00 +0530 Thu, 10 Aug 2017 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345666 The High Court held that the Tribunal exceeded its rectification powers by extensively re-examining and reversing its earlier decision based on the principle of mutuality. The Court emphasized that rectification powers are limited to correcting mistakes apparent from the record and cannot be used for extensive review. Consequently, the Court set aside the Tribunal's decision to recall its earlier order, rendering the appeals of the assessee non-est. The original order confirming taxability was restored, allowing the assessee to file fresh tax appeals if needed. All writ petitions and tax appeals were disposed of accordingly. Case-Laws Income Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345666