https://www.taxtmi.com/caselaws?id=774698 High Court allowed the petition and set aside the ITAT's rectification under Section 254(2), holding the Tribunal erred in invoking that provision based on a subsequent Supreme Court decision. The HC found Section 254(2) permits correction only for mistakes apparent on the record as of the original order date; because the ITAT's order followed the law prevailing on that date, a later overruling by the Supreme Court did not create jurisdiction for rectification. The HC sustained that the Tribunal's exercise of jurisdiction under Section 254(2) was impermissible and removed the impugned order. en-us Tue, 08 Jul 2025 00:00:00 +0530 Wed, 29 Oct 2025 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774698 High Court allowed the petition and set aside the ITAT's rectification under Section 254(2), holding the Tribunal erred in invoking that provision based on a subsequent Supreme Court decision. The HC found Section 254(2) permits correction only for mistakes apparent on the record as of the original order date; because the ITAT's order followed the law prevailing on that date, a later overruling by the Supreme Court did not create jurisdiction for rectification. The HC sustained that the Tribunal's exercise of jurisdiction under Section 254(2) was impermissible and removed the impugned order. Case-Laws Income Tax Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774698