https://www.taxtmi.com/caselaws?id=37537 The Appellate Tribunal's reduction of penalty without providing reasons was deemed beyond its jurisdiction as it amounted to a review, not rectification. The Tribunal's power under section 254(2) is limited to rectifying mistakes apparent from the record, not reconsidering its order. Interference with penalty quantum goes beyond rectification and is not within its statutory powers. The Tribunal's decision to reduce the penalty was held to be without jurisdiction, favoring the revenue. The judgment emphasized the Tribunal's power to rectify specific errors, not review orders, and highlighted the limits of its authority in penalty matters. en-us Wed, 17 Jan 1979 00:00:00 +0530 Tue, 30 Mar 2010 13:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37537 The Appellate Tribunal's reduction of penalty without providing reasons was deemed beyond its jurisdiction as it amounted to a review, not rectification. The Tribunal's power under section 254(2) is limited to rectifying mistakes apparent from the record, not reconsidering its order. Interference with penalty quantum goes beyond rectification and is not within its statutory powers. The Tribunal's decision to reduce the penalty was held to be without jurisdiction, favoring the revenue. The judgment emphasized the Tribunal's power to rectify specific errors, not review orders, and highlighted the limits of its authority in penalty matters. Case-Laws Income Tax Wed, 17 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37537