https://www.taxtmi.com/caselaws?id=280118 The Tribunal dismissed the revenue's Miscellaneous Petition (M.P.) challenging the Tribunal order dated 24.08.2017 under section 254(2) of the IT Act. Citing a Special Bench order and High Court decisions, the Tribunal held that M.P. against M.P. is not maintainable. It clarified that rectification under section 254(2) is limited to orders passed under section 254(1), in line with established legal principles from relevant cases. The decision emphasized adherence to statutory provisions and judicial precedents in rectification matters, leading to the rejection of the revenue's challenge. en-us Fri, 27 Apr 2018 00:00:00 +0530 Mon, 22 Apr 2019 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280118 The Tribunal dismissed the revenue's Miscellaneous Petition (M.P.) challenging the Tribunal order dated 24.08.2017 under section 254(2) of the IT Act. Citing a Special Bench order and High Court decisions, the Tribunal held that M.P. against M.P. is not maintainable. It clarified that rectification under section 254(2) is limited to orders passed under section 254(1), in line with established legal principles from relevant cases. The decision emphasized adherence to statutory provisions and judicial precedents in rectification matters, leading to the rejection of the revenue's challenge. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280118