https://www.taxtmi.com/caselaws?id=59201 The ITAT, E-Bench, Mumbai, held that its order dated 13-10-1998 did not contain a mistake apparent from the record despite a subsequent ruling by the Hon'ble Bombay High Court declaring ship breaking as a manufacturing activity. The ITAT emphasized that a later judgment alone does not establish an error in an earlier decision and highlighted the significance of the law prevailing at the time of the original decision. Therefore, the application for rectification was rejected, affirming that the ITAT's initial decision was not erroneous based on the subsequent High Court judgment. en-us Thu, 11 Apr 2002 00:00:00 +0530 Mon, 27 Dec 2010 10:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59201 The ITAT, E-Bench, Mumbai, held that its order dated 13-10-1998 did not contain a mistake apparent from the record despite a subsequent ruling by the Hon'ble Bombay High Court declaring ship breaking as a manufacturing activity. The ITAT emphasized that a later judgment alone does not establish an error in an earlier decision and highlighted the significance of the law prevailing at the time of the original decision. Therefore, the application for rectification was rejected, affirming that the ITAT's initial decision was not erroneous based on the subsequent High Court judgment. Case-Laws Income Tax Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59201