https://www.taxtmi.com/caselaws?id=470651 Rectification for non-consideration of a precedent under Section 254(2) is confined to the apparent mistake and does not permit fresh adjudication of all issues. Where an appellate order is recalled solely to examine an omitted coordinate-bench decision, the rehearing is limited to that decision's applicability. Depreciation is not allowable on shares acquired from promoters of a company holding iron-ore purchase rights because the rights belong to the company, while the shares remain an investment. Capitalising the share-acquisition cost after merger does not convert it into a depreciable intangible asset unless the shares embody a distinct and exclusive business or occupancy right. en-us Tue, 25 Mar 2025 00:00:00 +0530 Mon, 03 Aug 2026 19:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470651 Rectification for non-consideration of a precedent under Section 254(2) is confined to the apparent mistake and does not permit fresh adjudication of all issues. Where an appellate order is recalled solely to examine an omitted coordinate-bench decision, the rehearing is limited to that decision's applicability. Depreciation is not allowable on shares acquired from promoters of a company holding iron-ore purchase rights because the rights belong to the company, while the shares remain an investment. Capitalising the share-acquisition cost after merger does not convert it into a depreciable intangible asset unless the shares embody a distinct and exclusive business or occupancy right. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470651