CIT v.Earnest Export Ltd2010(Bom)
Tribunal\'s power u/s254(2) is limited to rectification of a mistake apparent on record.Tribunal cannot change its own view by substituting a view which it believes shud hv been taken in first instance.
In this case,Tribunal u/s254(2) virtually reconsidered the entire matter and come to a different conclusion.This amounted to reappreciation of correctness of earlier decision which is beyond the scope of power u/s254(2)
Tribunal\'s power u/s254(2) is limited to rectification of a mistake apparent on record.Tribunal cannot change its own view by substituting a view which it believes shud hv been taken in first instance.
In this case,Tribunal u/s254(2) virtually reconsidered the entire matter and come to a different conclusion.This amounted to reappreciation of correctness of earlier decision which is beyond the scope of power u/s254(2)
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