https://www.taxtmi.com/caselaws?id=430615 Non-following of a co-ordinate bench decision in the assessee's own case was treated as a mistake apparent from the record, because the earlier bench had estimated the profit element at 6% whereas the impugned order had sustained estimation at 12.5%. On that basis, the Tribunal held that the order was amenable to rectification under section 254(2) of the Income-tax Act, 1961, and allowed the miscellaneous application by recalling the earlier order. en-us Mon, 10 Oct 2022 00:00:00 +0530 Wed, 23 Nov 2022 21:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430615 Non-following of a co-ordinate bench decision in the assessee's own case was treated as a mistake apparent from the record, because the earlier bench had estimated the profit element at 6% whereas the impugned order had sustained estimation at 12.5%. On that basis, the Tribunal held that the order was amenable to rectification under section 254(2) of the Income-tax Act, 1961, and allowed the miscellaneous application by recalling the earlier order. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430615