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2014 (1) TMI 1535 - AT - Income TaxPower to review / recall its own order - Eligibility for deduction u/s 80IB - Held that:- The Tribunal has remanded the matter to the file of AO for re-examining of details of claim made by the assessee - The Tribunal is a final fact finding authority and in view of Court the order of the Tribunal is correct and conscious decision have been made by them - It is well settled that statutory authority cannot exercise power of review unless such power is expressly conferred - There is no express power of review conferred on this Tribunal. Even otherwise, the scope of review does not extent to re hearing of the case on merit - The Tribunal could not readjudicate the matter under section 254(2) - The scope and ambit of application of section 254(2) is very limited restricted to rectification of the mistakes apparent from the record - Power to rectify a mistake is not equivalent to a power to review or recall the order sought to be rectified - Decided against petitioner.
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