https://www.taxtmi.com/highlights?id=79463 Tribunal held that an order passed following binding precedents cannot be recalled or reviewed based on a subsequent contrary judgment of a higher court. Once an order attains finality between parties, it cannot be reopened or reviewed u/s 254(2) due to a later overruling judgment. The power u/s 254(2) is akin to Order XLVII Rule 1 CPC and cannot be exercised beyond the scope of review under that provision. Consequently, the department's application seeking recall of the Tribunal's order based on a subsequent Supreme Court judgment was dismissed. en-us Wed, 17 Jul 2024 08:05:45 +0530 Wed, 17 Jul 2024 08:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79463 Tribunal held that an order passed following binding precedents cannot be recalled or reviewed based on a subsequent contrary judgment of a higher court. Once an order attains finality between parties, it cannot be reopened or reviewed u/s 254(2) due to a later overruling judgment. The power u/s 254(2) is akin to Order XLVII Rule 1 CPC and cannot be exercised beyond the scope of review under that provision. Consequently, the department's application seeking recall of the Tribunal's order based on a subsequent Supreme Court judgment was dismissed. Highlights Income Tax Wed, 17 Jul 2024 08:05:45 +0530 https://www.taxtmi.com/highlights?id=79463