https://www.taxtmi.com/caselaws?id=403231 The Tribunal dismissed the Revenue's miscellaneous application seeking recall of an order, emphasizing that the special order exempting cases involving bogus LTCG/STCL through penny stocks from monetary limits did not apply retroactively. The Tribunal held that subsequent circulars and special orders by CBDT, not part of the original record, did not warrant rectification under section 254(2) of the Income Tax Act, 1961. Consequently, the application was deemed not maintainable, leading to its dismissal. en-us Wed, 09 Dec 2020 00:00:00 +0530 Fri, 22 Jan 2021 11:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403231 The Tribunal dismissed the Revenue's miscellaneous application seeking recall of an order, emphasizing that the special order exempting cases involving bogus LTCG/STCL through penny stocks from monetary limits did not apply retroactively. The Tribunal held that subsequent circulars and special orders by CBDT, not part of the original record, did not warrant rectification under section 254(2) of the Income Tax Act, 1961. Consequently, the application was deemed not maintainable, leading to its dismissal. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403231