https://www.taxtmi.com/caselaws?id=788966 Section 254(2) rectification can correct an apparent misdescription in a Tribunal order without disturbing the substantive relief granted. The Tribunal clarified that its earlier reference to the corporate guarantee fee issue had misstated the basis of relief, which in fact rested on acceptance of the transaction at arm's length in earlier years and the absence of any change in facts. It also amended the description of the MEIS export incentive relief to reflect the judicial decisions and appellate reasoning actually relied on. The rectification was thus allowed only to align the record with the underlying basis of the appellate conclusions. en-us Wed, 25 Feb 2026 00:00:00 +0530 Tue, 31 Mar 2026 11:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788966 Section 254(2) rectification can correct an apparent misdescription in a Tribunal order without disturbing the substantive relief granted. The Tribunal clarified that its earlier reference to the corporate guarantee fee issue had misstated the basis of relief, which in fact rested on acceptance of the transaction at arm's length in earlier years and the absence of any change in facts. It also amended the description of the MEIS export incentive relief to reflect the judicial decisions and appellate reasoning actually relied on. The rectification was thus allowed only to align the record with the underlying basis of the appellate conclusions. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788966