https://www.taxtmi.com/caselaws?id=37143 The court held that the Tribunal had jurisdiction to rectify its orders under Section 254(2) of the Income-tax Act, 1961, considering the newly added Section 271(1)(a)(i). The Tribunal erred in refusing rectification based on the debatability of the issue. The court emphasized the retrospective effect of the amendment, stating that the Tribunal's orders were inconsistent with the law and should be rectified. The applications for rectification should have been entertained. Justice N. I. Singh concurred with the judgment, delayed due to Judge Lahiri's absence on circuit duty. en-us Mon, 02 Jul 1979 00:00:00 +0530 Fri, 26 Mar 2010 17:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37143 The court held that the Tribunal had jurisdiction to rectify its orders under Section 254(2) of the Income-tax Act, 1961, considering the newly added Section 271(1)(a)(i). The Tribunal erred in refusing rectification based on the debatability of the issue. The court emphasized the retrospective effect of the amendment, stating that the Tribunal's orders were inconsistent with the law and should be rectified. The applications for rectification should have been entertained. Justice N. I. Singh concurred with the judgment, delayed due to Judge Lahiri's absence on circuit duty. Case-Laws Income Tax Mon, 02 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37143