https://www.taxtmi.com/caselaws?id=411507 The Tribunal dismissed the Revenue's Miscellaneous Application (MA) under section 254(2) of the Income Tax Act for the assessment year 2010-11, as it was filed beyond the prescribed time limit and sought impermissible review of the order. The Tribunal emphasized that rectification powers could only address obvious mistakes from the record, not errors of judgment. Citing legal precedents, the Tribunal clarified that rectification was not a tool for correcting erroneous orders but was limited to rectifying clear mistakes. As the Revenue failed to demonstrate any such mistake, the MA was dismissed. en-us Thu, 19 Aug 2021 00:00:00 +0530 Thu, 26 Aug 2021 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411507 The Tribunal dismissed the Revenue's Miscellaneous Application (MA) under section 254(2) of the Income Tax Act for the assessment year 2010-11, as it was filed beyond the prescribed time limit and sought impermissible review of the order. The Tribunal emphasized that rectification powers could only address obvious mistakes from the record, not errors of judgment. Citing legal precedents, the Tribunal clarified that rectification was not a tool for correcting erroneous orders but was limited to rectifying clear mistakes. As the Revenue failed to demonstrate any such mistake, the MA was dismissed. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411507