https://www.taxtmi.com/caselaws?id=456106 The ITAT dismissed the revenue's Miscellaneous Application seeking rectification of its order under Section 254(2) for AY 2017-18. The Tribunal concluded that the assessment order was not prejudicial to the revenue's interest, as the amount was already taxed in the Director's hands. The Tribunal found no error in its original order and rejected the revenue's request for rectification, affirming that the cash availability issue was adequately addressed. The revenue's attempt to revive the order was deemed impermissible, as the Tribunal reiterated that the amount could not be taxed twice, thereby dismissing the application. en-us Mon, 21 Aug 2023 00:00:00 +0530 Fri, 28 Jun 2024 19:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456106 The ITAT dismissed the revenue's Miscellaneous Application seeking rectification of its order under Section 254(2) for AY 2017-18. The Tribunal concluded that the assessment order was not prejudicial to the revenue's interest, as the amount was already taxed in the Director's hands. The Tribunal found no error in its original order and rejected the revenue's request for rectification, affirming that the cash availability issue was adequately addressed. The revenue's attempt to revive the order was deemed impermissible, as the Tribunal reiterated that the amount could not be taxed twice, thereby dismissing the application. Case-Laws Income Tax Mon, 21 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456106