https://www.taxtmi.com/caselaws?id=464839 Non-consideration of a binding High Court decision and the statutory effect of the rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a mistake apparent from the record. The Tribunal noted that its earlier order had not considered the cited precedent or the Act's overriding effect over inconsistent laws, including the departmental circulars on fiscal concessions for sick industrial companies. Because that omission was material to the controversy, the error required correction by recall of the earlier order for fresh consideration. The miscellaneous application was therefore allowed, and the matter was reopened. en-us Fri, 03 May 2024 00:00:00 +0530 Tue, 18 Nov 2025 13:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464839 Non-consideration of a binding High Court decision and the statutory effect of the rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 was treated as a mistake apparent from the record. The Tribunal noted that its earlier order had not considered the cited precedent or the Act's overriding effect over inconsistent laws, including the departmental circulars on fiscal concessions for sick industrial companies. Because that omission was material to the controversy, the error required correction by recall of the earlier order for fresh consideration. The miscellaneous application was therefore allowed, and the matter was reopened. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464839