https://www.taxtmi.com/caselaws?id=28356 Rectification under section 254(2) of the Income-tax Act, 1961 is limited to correcting a mistake apparent from the record and does not extend to review. A concluded appellate order cannot be reopened merely because a later precedent is cited or relied upon after the original decision, especially where that precedent was not placed before the Tribunal earlier. On that basis, the Tribunal could not lawfully reverse its final appellate decision or vacate the penalty under its rectification power. The operative principle is that section 254(2) cannot be used to re-examine or unsettle an earlier final appellate determination in the absence of an apparent error. en-us Wed, 17 Nov 1982 00:00:00 +0530 Sat, 20 Feb 2010 18:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28356 Rectification under section 254(2) of the Income-tax Act, 1961 is limited to correcting a mistake apparent from the record and does not extend to review. A concluded appellate order cannot be reopened merely because a later precedent is cited or relied upon after the original decision, especially where that precedent was not placed before the Tribunal earlier. On that basis, the Tribunal could not lawfully reverse its final appellate decision or vacate the penalty under its rectification power. The operative principle is that section 254(2) cannot be used to re-examine or unsettle an earlier final appellate determination in the absence of an apparent error. Case-Laws Income Tax Wed, 17 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28356