https://www.taxtmi.com/caselaws?id=11162 The court dismissed the petitions, affirming that the Settlement Commission has the authority to rectify mistakes under Section 154 of the Income-tax Act, 1961. Despite not being explicitly listed as an "income-tax authority" under Section 116, the Settlement Commission possesses the power to rectify errors, including those related to interest waivers, as demonstrated in the Supreme Court's ruling in CIT v. Anjum M.H. Ghaswala. The court held that the Commission's previous orders granting interest reductions were mistakes evident from the record and thus subject to rectification under Section 154. en-us Thu, 15 Jan 2004 00:00:00 +0530 Sat, 01 Aug 2009 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11162 The court dismissed the petitions, affirming that the Settlement Commission has the authority to rectify mistakes under Section 154 of the Income-tax Act, 1961. Despite not being explicitly listed as an "income-tax authority" under Section 116, the Settlement Commission possesses the power to rectify errors, including those related to interest waivers, as demonstrated in the Supreme Court's ruling in CIT v. Anjum M.H. Ghaswala. The court held that the Commission's previous orders granting interest reductions were mistakes evident from the record and thus subject to rectification under Section 154. Case-Laws Income Tax Thu, 15 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11162