https://www.taxtmi.com/caselaws?id=425593 The Tribunal upheld its original decision regarding the capital gain tax liability on the transfer of immovable property, rejecting the assessee's claim for rectification. The Tribunal found that the consideration was indeed received by the assessee and co-owners, as stated in the sale deed. It emphasized that rectification is limited to correcting apparent mistakes and not for reviewing decisions. The Tribunal dismissed the Miscellaneous Application, deeming it an impermissible attempt to review the decision. en-us Wed, 20 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 08:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425593 The Tribunal upheld its original decision regarding the capital gain tax liability on the transfer of immovable property, rejecting the assessee's claim for rectification. The Tribunal found that the consideration was indeed received by the assessee and co-owners, as stated in the sale deed. It emphasized that rectification is limited to correcting apparent mistakes and not for reviewing decisions. The Tribunal dismissed the Miscellaneous Application, deeming it an impermissible attempt to review the decision. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425593