https://www.taxtmi.com/caselaws?id=32833 The court upheld the Income-tax Appellate Tribunal's decision to recall its earlier order due to the failure to consider a relevant Supreme Court decision. The court found that the tribunal correctly exercised its power to rectify under section 254(2) of the Income-tax Act, emphasizing the importance of rectification to correct errors and uphold justice. The appeals against the tribunal's order were dismissed, affirming the correctness of the tribunal's decision to rectify the order based on the oversight of not considering the relevant Supreme Court decision. en-us Thu, 16 Oct 2008 00:00:00 +0530 Sun, 05 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32833 The court upheld the Income-tax Appellate Tribunal's decision to recall its earlier order due to the failure to consider a relevant Supreme Court decision. The court found that the tribunal correctly exercised its power to rectify under section 254(2) of the Income-tax Act, emphasizing the importance of rectification to correct errors and uphold justice. The appeals against the tribunal's order were dismissed, affirming the correctness of the tribunal's decision to rectify the order based on the oversight of not considering the relevant Supreme Court decision. Case-Laws Income Tax Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32833