https://www.taxtmi.com/caselaws?id=305697 The High Court of Calcutta ruled that the Tribunal erred in invoking s. 254(2) of the IT Act to change its original decision, emphasizing that the power is limited to rectifying mistakes apparent from the record, not re-evaluating case merits. The Court held in favor of the Revenue, stating that the Tribunal's use of s. 254(2) was improper as it delved into case merits. The judgment clarifies the scope of rectification under s. 254(2) and the importance of adhering to established legal principles and precedents in tax matters. en-us Mon, 30 Apr 1990 00:00:00 +0530 Tue, 20 Dec 2022 16:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305697 The High Court of Calcutta ruled that the Tribunal erred in invoking s. 254(2) of the IT Act to change its original decision, emphasizing that the power is limited to rectifying mistakes apparent from the record, not re-evaluating case merits. The Court held in favor of the Revenue, stating that the Tribunal's use of s. 254(2) was improper as it delved into case merits. The judgment clarifies the scope of rectification under s. 254(2) and the importance of adhering to established legal principles and precedents in tax matters. Case-Laws Income Tax Mon, 30 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305697