1992 (9) TMI 68

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....s : 1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that there is a mistake apparent deserving to be rectified under section 254(2) of the Income-tax Act, 1961 ? 2. Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that the cost of bonus shar....

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.... assessee. The assessee thereafter filed an application under section 254 of the Income-tax Act contending that a mistake of fact had been committed by the Tribunal as in determining the cost of 2,392 shares, the cost of the bonus shares, arrived at by applying the aforesaid principle had not been taken into consideration. This was accepted by the Tribunal and the mistake was corrected. It is a....