https://www.taxtmi.com/caselaws?id=470391 Appellate orders may be rectified where the record shows an incorrect legal premise or failure to adjudicate specifically raised grounds. The notes state that book-profit provisions applicable to insurance companies were wrongly treated as inapplicable, while grounds concerning IBNR and IBNER provisions and disallowance of exempt-income expenditure remained unaddressed; the relevant portions were recalled for fresh adjudication. They further state that relief on disallowance of payments to motor vehicle dealers, granted on identical facts in later years, should extend to the earlier year after its inadvertent omission. The discussion presents rectification as available for mistakes apparent from the record and unadjudicated material grounds. en-us Wed, 29 Mar 2023 00:00:00 +0530 Sat, 25 Jul 2026 13:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470391 Appellate orders may be rectified where the record shows an incorrect legal premise or failure to adjudicate specifically raised grounds. The notes state that book-profit provisions applicable to insurance companies were wrongly treated as inapplicable, while grounds concerning IBNR and IBNER provisions and disallowance of exempt-income expenditure remained unaddressed; the relevant portions were recalled for fresh adjudication. They further state that relief on disallowance of payments to motor vehicle dealers, granted on identical facts in later years, should extend to the earlier year after its inadvertent omission. The discussion presents rectification as available for mistakes apparent from the record and unadjudicated material grounds. Case-Laws Income Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470391