https://www.taxtmi.com/caselaws?id=60049 The Tribunal declined to rectify the appellate order, which rejected a deduction claimed by the assessee for interest paid on borrowed monies. Despite a misunderstanding during the hearing, the order was not recalled as it did not constitute a mistake justifying rectification. The Tribunal determined that observations made during the hearing were not binding, and the counsel had the opportunity to present full arguments. The Members concluded that recalling the order was unwarranted under section 254(2) of the Income-tax Act, 1961. en-us Sat, 27 Apr 1985 00:00:00 +0530 Mon, 03 Jan 2011 15:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60049 The Tribunal declined to rectify the appellate order, which rejected a deduction claimed by the assessee for interest paid on borrowed monies. Despite a misunderstanding during the hearing, the order was not recalled as it did not constitute a mistake justifying rectification. The Tribunal determined that observations made during the hearing were not binding, and the counsel had the opportunity to present full arguments. The Members concluded that recalling the order was unwarranted under section 254(2) of the Income-tax Act, 1961. Case-Laws Income Tax Sat, 27 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60049