https://www.taxtmi.com/caselaws?id=429165 The High Court set aside the Tribunal's order rejecting the rectification application and remanded the matter for a fresh hearing and decision. It held that the Tribunal's refusal to rectify based on a subsequent Supreme Court judgment was unjustified, emphasizing that subsequent judicial decisions are retrospective and should be considered as the law from the beginning. The appeal was allowed, and the Tribunal was directed to reconsider the rectification application in light of the Supreme Court's subsequent ruling. en-us Wed, 07 Sep 2022 00:00:00 +0530 Tue, 18 Oct 2022 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429165 The High Court set aside the Tribunal's order rejecting the rectification application and remanded the matter for a fresh hearing and decision. It held that the Tribunal's refusal to rectify based on a subsequent Supreme Court judgment was unjustified, emphasizing that subsequent judicial decisions are retrospective and should be considered as the law from the beginning. The appeal was allowed, and the Tribunal was directed to reconsider the rectification application in light of the Supreme Court's subsequent ruling. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429165