https://www.taxtmi.com/caselaws?id=401534 The Tribunal dismissed the Miscellaneous Petition filed by the assessee, finding no apparent mistakes in the impugned order under section 254(2) of the Income Tax Act, 1961. The Tribunal clarified that the decision was based on the original grounds pressed by the assessee during the appeal, disregarding the revised submissions. It emphasized the need for detailed reasoning in cases where rulings were cryptic and ordered a fresh consideration of the matter concerning the Lithium segment by the CIT (A). en-us Fri, 11 Sep 2020 00:00:00 +0530 Thu, 10 Dec 2020 08:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401534 The Tribunal dismissed the Miscellaneous Petition filed by the assessee, finding no apparent mistakes in the impugned order under section 254(2) of the Income Tax Act, 1961. The Tribunal clarified that the decision was based on the original grounds pressed by the assessee during the appeal, disregarding the revised submissions. It emphasized the need for detailed reasoning in cases where rulings were cryptic and ordered a fresh consideration of the matter concerning the Lithium segment by the CIT (A). Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401534