https://www.taxtmi.com/caselaws?id=403871 The ITAT upheld its decision confirming a 20% disallowance on total expenses, dismissing the Revenue's Miscellaneous Application seeking rectification. The ITAT emphasized that rectification under Section 254(2) could only address obvious mistakes apparent from the record, not errors requiring extensive reasoning or review. It highlighted the limited scope of rectification and cited relevant case law to support its decision. The ITAT concluded that the Revenue's application did not point to any apparent mistake in the Tribunal's order, affirming the 20% disallowance on expenses. en-us Fri, 05 Feb 2021 00:00:00 +0530 Wed, 10 Feb 2021 09:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403871 The ITAT upheld its decision confirming a 20% disallowance on total expenses, dismissing the Revenue's Miscellaneous Application seeking rectification. The ITAT emphasized that rectification under Section 254(2) could only address obvious mistakes apparent from the record, not errors requiring extensive reasoning or review. It highlighted the limited scope of rectification and cited relevant case law to support its decision. The ITAT concluded that the Revenue's application did not point to any apparent mistake in the Tribunal's order, affirming the 20% disallowance on expenses. Case-Laws Income Tax Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403871