https://www.taxtmi.com/caselaws?id=353001 The High Court held that the Tribunal exceeded its powers of rectification by re-examining and recalling its earlier judgment. The Court emphasized that rectification powers are for correcting apparent errors, not for re-evaluating concluded issues. The Tribunal's acceptance of the assessee's contentions went beyond rectification, as some issues were complex legal matters. The Court ruled in favor of the Revenue, setting aside the Tribunal's order from 2016 and restoring the original judgment from 2006. en-us Mon, 09 Oct 2017 00:00:00 +0530 Mon, 25 Dec 2017 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353001 The High Court held that the Tribunal exceeded its powers of rectification by re-examining and recalling its earlier judgment. The Court emphasized that rectification powers are for correcting apparent errors, not for re-evaluating concluded issues. The Tribunal's acceptance of the assessee's contentions went beyond rectification, as some issues were complex legal matters. The Court ruled in favor of the Revenue, setting aside the Tribunal's order from 2016 and restoring the original judgment from 2006. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353001