https://www.taxtmi.com/caselaws?id=293454 The tribunal held that a co-operative society primarily engaged in commercial banking activities, rather than agricultural activities, was not entitled to tax benefits under section 80P(2)(A)(i). The tribunal clarified its power under section 254(2) to rectify mistakes, emphasizing that errors must be immediately noticeable on the record. As the petitioner failed to identify a specific mistake meeting this criterion, the Miscellaneous Petition was dismissed. The judgment stressed the importance of clear error identification for invoking the tribunal's corrective power, emphasizing that mere disagreement with a decision does not qualify as an apparent mistake. en-us Fri, 05 Oct 2018 00:00:00 +0530 Thu, 11 Feb 2021 20:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293454 The tribunal held that a co-operative society primarily engaged in commercial banking activities, rather than agricultural activities, was not entitled to tax benefits under section 80P(2)(A)(i). The tribunal clarified its power under section 254(2) to rectify mistakes, emphasizing that errors must be immediately noticeable on the record. As the petitioner failed to identify a specific mistake meeting this criterion, the Miscellaneous Petition was dismissed. The judgment stressed the importance of clear error identification for invoking the tribunal's corrective power, emphasizing that mere disagreement with a decision does not qualify as an apparent mistake. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293454