https://www.taxtmi.com/caselaws?id=60407 The Tribunal rejected the assessee's miscellaneous application, affirming no apparent mistake in the original order and that the statutory time limit for rectification had expired. The Tribunal held the later Supreme Court judgment could not be applied retrospectively to alter its earlier decision. The application was dismissed, and the expenditure on loom hours remained classified as capital expenditure. en-us Wed, 14 Mar 1984 00:00:00 +0530 Wed, 05 Jan 2011 11:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60407 The Tribunal rejected the assessee's miscellaneous application, affirming no apparent mistake in the original order and that the statutory time limit for rectification had expired. The Tribunal held the later Supreme Court judgment could not be applied retrospectively to alter its earlier decision. The application was dismissed, and the expenditure on loom hours remained classified as capital expenditure. Case-Laws Income Tax Wed, 14 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60407