https://www.taxtmi.com/caselaws?id=386234 The High Court emphasized that rectification under section 254(2) of the Income Tax Act requires mistakes to be apparent from the record. The judgment clarified that such rectification does not allow for recalling the entire order unless there are procedural lapses. It distinguished between rectification and passing a new order, highlighting that rectification does not entail a rehearing of the matter. The Court allowed the Miscellaneous Applications for rectification, granting relief to the assessee on the taxability issue for specific assessment years. en-us Fri, 20 Sep 2019 00:00:00 +0530 Wed, 25 Sep 2019 06:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386234 The High Court emphasized that rectification under section 254(2) of the Income Tax Act requires mistakes to be apparent from the record. The judgment clarified that such rectification does not allow for recalling the entire order unless there are procedural lapses. It distinguished between rectification and passing a new order, highlighting that rectification does not entail a rehearing of the matter. The Court allowed the Miscellaneous Applications for rectification, granting relief to the assessee on the taxability issue for specific assessment years. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386234