https://www.taxtmi.com/caselaws?id=357261 The High Court set aside the Tribunal's order allowing the Revenue's rectification application under Section 254(2) of the Income Tax Act. The Court found that the rectification sought by the Revenue amounted to a review of the earlier decision, which was beyond the scope of rectification. The Court emphasized that the issue raised was debatable and noted that the Revenue had pending appeals on similar classification issues in the sister concern's case. Therefore, the Court ruled in favor of the petitioner, holding that the Tribunal's decision was not suitable for rectification, and no costs were awarded. en-us Fri, 09 Mar 2018 00:00:00 +0530 Thu, 31 May 2018 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357261 The High Court set aside the Tribunal's order allowing the Revenue's rectification application under Section 254(2) of the Income Tax Act. The Court found that the rectification sought by the Revenue amounted to a review of the earlier decision, which was beyond the scope of rectification. The Court emphasized that the issue raised was debatable and noted that the Revenue had pending appeals on similar classification issues in the sister concern's case. Therefore, the Court ruled in favor of the petitioner, holding that the Tribunal's decision was not suitable for rectification, and no costs were awarded. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357261