https://www.taxtmi.com/caselaws?id=296228 The court held that the Tribunal lacks the authority to review or recall orders passed under section 256 of the IT Act, 1961. While the Tribunal has the power to rectify mistakes in its orders under section 254, this authority does not extend to orders passed under section 256. The judgment emphasizes the distinction between rectifying errors and reviewing/recalling orders, highlighting that the Tribunal's power is limited to correcting clerical or arithmetical mistakes. The impugned order recalling the earlier decision under section 256 was quashed, establishing the boundaries of the Tribunal's jurisdiction in such matters. en-us Fri, 12 Jul 1996 00:00:00 +0530 Sat, 10 Jul 2021 12:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296228 The court held that the Tribunal lacks the authority to review or recall orders passed under section 256 of the IT Act, 1961. While the Tribunal has the power to rectify mistakes in its orders under section 254, this authority does not extend to orders passed under section 256. The judgment emphasizes the distinction between rectifying errors and reviewing/recalling orders, highlighting that the Tribunal's power is limited to correcting clerical or arithmetical mistakes. The impugned order recalling the earlier decision under section 256 was quashed, establishing the boundaries of the Tribunal's jurisdiction in such matters. Case-Laws Income Tax Fri, 12 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296228