https://www.taxtmi.com/caselaws?id=10166 The High Court clarified that the Tribunal's action was a rectification of errors, permissible under section 254(2) of the Income-tax Act, 1961. The Tribunal's correction of factual inaccuracies through a fresh disposal was deemed a rectification rather than a review, aligning with the permissible scope of its powers under the Act. The reference question regarding the review of the earlier order was answered in light of the distinction between review and rectification. The judgment disposed of the reference, with each party bearing its own costs, settling the issue raised before the Court. en-us Thu, 29 Jul 2004 00:00:00 +0530 Thu, 09 Jul 2009 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10166 The High Court clarified that the Tribunal's action was a rectification of errors, permissible under section 254(2) of the Income-tax Act, 1961. The Tribunal's correction of factual inaccuracies through a fresh disposal was deemed a rectification rather than a review, aligning with the permissible scope of its powers under the Act. The reference question regarding the review of the earlier order was answered in light of the distinction between review and rectification. The judgment disposed of the reference, with each party bearing its own costs, settling the issue raised before the Court. Case-Laws Income Tax Thu, 29 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10166