https://www.taxtmi.com/caselaws?id=456866 ITAT Rajkot dismissed Revenue's miscellaneous application seeking rectification under section 254(2). The case involved gold seized from assessee, with protective addition made in assessee's hands while substantive addition was made against the sender. CIT(A) deleted the addition from assessee's case. ITAT had earlier allowed assessee's appeal, finding gold belonged to him. Revenue contended same gold cannot have two owners, but ITAT held this was error of judgment, not mistake apparent from record. Rectification application cannot be used for reviewing orders requiring higher forum approach. en-us Fri, 15 Sep 2023 00:00:00 +0530 Wed, 21 Aug 2024 19:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456866 ITAT Rajkot dismissed Revenue's miscellaneous application seeking rectification under section 254(2). The case involved gold seized from assessee, with protective addition made in assessee's hands while substantive addition was made against the sender. CIT(A) deleted the addition from assessee's case. ITAT had earlier allowed assessee's appeal, finding gold belonged to him. Revenue contended same gold cannot have two owners, but ITAT held this was error of judgment, not mistake apparent from record. Rectification application cannot be used for reviewing orders requiring higher forum approach. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456866