https://www.taxtmi.com/caselaws?id=357753 The Tribunal dismissed the assessee's miscellaneous petition seeking rectification of mistakes in the order dated 13.09.2017 for the assessment year 2011-12. The Tribunal held that there was no apparent mistake on record that could be rectified under section 254(2) of the Act. The nature of the loan and its utilization were found to be inadequately discussed in the assessment order, leading to the matter being remanded to the Assessing Officer for a fresh decision. The Tribunal emphasized that rectification is not a review of the order and must address only patent errors, ultimately dismissing the petition on 21st February 2018. en-us Wed, 21 Feb 2018 00:00:00 +0530 Thu, 29 Mar 2018 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357753 The Tribunal dismissed the assessee's miscellaneous petition seeking rectification of mistakes in the order dated 13.09.2017 for the assessment year 2011-12. The Tribunal held that there was no apparent mistake on record that could be rectified under section 254(2) of the Act. The nature of the loan and its utilization were found to be inadequately discussed in the assessment order, leading to the matter being remanded to the Assessing Officer for a fresh decision. The Tribunal emphasized that rectification is not a review of the order and must address only patent errors, ultimately dismissing the petition on 21st February 2018. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357753