Rectification of Mistakes::

Last updated: 07 September 2007

Court :
Tribunal

Brief :
Held that failure to consider vital facts brought on record and ommission to consider decisions of various courts will constitute a a mistake apparent from record. Hence, Tribunal can rectify the mistakes u/s 254(2).

Citation :
Golden Meadows Properties (p) Ltd. Vs. ITO

Rectification of Mistakes Golden Meadows Properties (p) Ltd. Vs. ITO 4/13/2005 M.A. No.218 (MUM.) of 2003 Case Fact: Whether power of rectificaton u/s 254(2) can be used by tribunal on grounds of non-consideration of vital facts brought on records and arguments made and decisions cited by the assessee. Decision: Held that failure to consider vital facts brought on record and ommission to consider decisions of various courts will constitute a a mistake apparent from record. Hence, Tribunal can rectify the mistakes u/s 254(2).