https://www.taxtmi.com/caselaws?id=24823 The court affirmed that the Tribunal was justified in not rectifying the penalty order based on a subsequent High Court decision. It was held that there was no apparent mistake in the Tribunal's order, and the decision aligned with the High Court ruling on concealed income. The court emphasized the need for direct applicability of subsequent decisions for rectification. Each party was instructed to bear their own costs in this matter. en-us Mon, 25 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 16:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24823 The court affirmed that the Tribunal was justified in not rectifying the penalty order based on a subsequent High Court decision. It was held that there was no apparent mistake in the Tribunal's order, and the decision aligned with the High Court ruling on concealed income. The court emphasized the need for direct applicability of subsequent decisions for rectification. Each party was instructed to bear their own costs in this matter. Case-Laws Income Tax Mon, 25 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24823