https://www.taxtmi.com/caselaws?id=470920 Rectification under section 254(2) is confined to mistakes apparent from the record and cannot reopen a reasoned merits determination merely because a deduction under section 10A is alleged to have been wrongly denied or an inapplicable precedent was not followed. The request to recall or modify the merits finding on the deduction was therefore rejected. However, failure to adjudicate raised alternative grounds concerning foreign-exchange gain in total turnover and net hedging gain constituted an apparent omission. The order was consequently recalled only to the limited extent necessary to decide those omitted grounds, while the merits determination remained undisturbed. en-us Thu, 13 Feb 2025 00:00:00 +0530 Fri, 14 Aug 2026 07:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470920 Rectification under section 254(2) is confined to mistakes apparent from the record and cannot reopen a reasoned merits determination merely because a deduction under section 10A is alleged to have been wrongly denied or an inapplicable precedent was not followed. The request to recall or modify the merits finding on the deduction was therefore rejected. However, failure to adjudicate raised alternative grounds concerning foreign-exchange gain in total turnover and net hedging gain constituted an apparent omission. The order was consequently recalled only to the limited extent necessary to decide those omitted grounds, while the merits determination remained undisturbed. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470920