https://www.taxtmi.com/caselaws?id=347437 The High Court set aside the Tribunal's dismissal of the income tax department's rectification applications, finding that the Tribunal erred in concluding that its order merged with the High Court's order. The High Court revived the rectification applications for fresh consideration. Regarding the interpretation of the Tribunal's rectification powers under the Income Tax Act, the High Court acknowledged limitations but suggested that clerical, typographical, or factual errors could be corrected. The High Court quashed the Tribunal's orders based on incorrect factual premises and left the tax effect argument for the Tribunal to address during the revived rectification applications. en-us Wed, 30 Aug 2017 00:00:00 +0530 Mon, 04 Sep 2017 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347437 The High Court set aside the Tribunal's dismissal of the income tax department's rectification applications, finding that the Tribunal erred in concluding that its order merged with the High Court's order. The High Court revived the rectification applications for fresh consideration. Regarding the interpretation of the Tribunal's rectification powers under the Income Tax Act, the High Court acknowledged limitations but suggested that clerical, typographical, or factual errors could be corrected. The High Court quashed the Tribunal's orders based on incorrect factual premises and left the tax effect argument for the Tribunal to address during the revived rectification applications. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347437