https://www.taxtmi.com/highlights?id=86087 ITAT recalled its earlier order due to discovery of inadvertent errors, specifically the reliance on non-existing case laws identified during suo-moto review. Exercising powers under s.254(2) of the Act, the Tribunal vacated the entire order and scheduled a fresh hearing. The matter involves jurisdictional authority to rectify mistakes apparent from record, which extends to substantive errors in legal reasoning. The recall order demonstrates ITAT's inherent power to correct decisions based on erroneous application of non-existent precedents. Fresh notices issued to en-us Thu, 27 Feb 2025 16:19:35 +0530 Thu, 27 Feb 2025 16:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86087 ITAT recalled its earlier order due to discovery of inadvertent errors, specifically the reliance on non-existing case laws identified during suo-moto review. Exercising powers under s.254(2) of the Act, the Tribunal vacated the entire order and scheduled a fresh hearing. The matter involves jurisdictional authority to rectify mistakes apparent from record, which extends to substantive errors in legal reasoning. The recall order demonstrates ITAT's inherent power to correct decisions based on erroneous application of non-existent precedents. Fresh notices issued to Highlights Income Tax Thu, 27 Feb 2025 16:19:35 +0530 https://www.taxtmi.com/highlights?id=86087