https://www.taxtmi.com/caselaws?id=470640 Rectification is limited to an error apparent from the record and cannot operate as a review based on fresh arguments or extensive document examination. The notes state that the Tribunal had already considered the agreements, amalgamation, and the claim that acquired shares conveyed commercial iron-ore extraction rights, so no apparent error arose on those matters. However, it had not considered a cited precedent on depreciation where rights to use and occupy property were embedded in acquired shares. That non-consideration was treated as a mistake apparent from the record, resulting in recall of the earlier orders for fresh hearing. en-us Tue, 25 Jul 2023 00:00:00 +0530 Mon, 03 Aug 2026 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470640 Rectification is limited to an error apparent from the record and cannot operate as a review based on fresh arguments or extensive document examination. The notes state that the Tribunal had already considered the agreements, amalgamation, and the claim that acquired shares conveyed commercial iron-ore extraction rights, so no apparent error arose on those matters. However, it had not considered a cited precedent on depreciation where rights to use and occupy property were embedded in acquired shares. That non-consideration was treated as a mistake apparent from the record, resulting in recall of the earlier orders for fresh hearing. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470640