https://www.taxtmi.com/caselaws?id=372134 The Tribunal dismissed the miscellaneous application by the assessee seeking rectification under section 254(2) of the Income Tax Act, 1961, regarding admission of additional evidence and reconsideration of transfer pricing adjustment on corporate fees. The Tribunal held that rectification is only permissible for obvious and patent mistakes, not for re-adjudication of issues already decided. It emphasized that rectification is not meant for revisiting matters already addressed in the Tribunal's order, leading to the dismissal of the application. en-us Mon, 22 Oct 2018 00:00:00 +0530 Tue, 18 Dec 2018 11:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372134 The Tribunal dismissed the miscellaneous application by the assessee seeking rectification under section 254(2) of the Income Tax Act, 1961, regarding admission of additional evidence and reconsideration of transfer pricing adjustment on corporate fees. The Tribunal held that rectification is only permissible for obvious and patent mistakes, not for re-adjudication of issues already decided. It emphasized that rectification is not meant for revisiting matters already addressed in the Tribunal's order, leading to the dismissal of the application. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372134