Section 254(2) Allows Error Correction in Tribunal Orders Despite Ongoing High Court Appeals by Assessee or Revenue.

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....Rectification of mistake - Merely because the assessee has challenged the order of the Tribunal in an Appeal under section 260A of the Income Tax Act, 1961 before the High Court does not mean that the power under section (2) of section 254 cannot be invoked either by the assessee or by the revenue/Assessing Officer - HC....