https://www.taxtmi.com/caselaws?id=381508 The Tribunal allowed the Miscellaneous Application seeking rectification of a mistake in its earlier order, acknowledging that the First Appellate Authority had sustained the addition of Rs. 1631.85 lakhs related to coal cost freight, leading to the deletion of penalty u/s. 271(1)(c). The Tribunal recognized the oversight in its initial decision and recalled the order for reconsideration of the penalty specifically on the coal cost freight addition. The appeal was set for a rehearing, with notices to be issued to the parties involved. The rectification order was pronounced on 9th May 2019, confirming no penalty survived for other additions deleted by the First Appellate Authority and upheld by the ITAT. en-us Thu, 09 May 2019 00:00:00 +0530 Thu, 13 Jun 2019 06:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381508 The Tribunal allowed the Miscellaneous Application seeking rectification of a mistake in its earlier order, acknowledging that the First Appellate Authority had sustained the addition of Rs. 1631.85 lakhs related to coal cost freight, leading to the deletion of penalty u/s. 271(1)(c). The Tribunal recognized the oversight in its initial decision and recalled the order for reconsideration of the penalty specifically on the coal cost freight addition. The appeal was set for a rehearing, with notices to be issued to the parties involved. The rectification order was pronounced on 9th May 2019, confirming no penalty survived for other additions deleted by the First Appellate Authority and upheld by the ITAT. Case-Laws Income Tax Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381508