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2003 (11) TMI 58 - KERALA HIGH COURTPower of Settlement Commission to rectify mistakes in its order - a perusal of section 245F of the Act clearly shows that the Settlement Commission has been conferred with "all powers which are vested in an income-tax authority under this Act." - Thus, it is clear that Parliament has given all those powers to the Settlement Commission which are vested in the "authorities" enumerated under section 116. The power of rectification is one such power – Thus it is held that Settlement Commission has power to rectify mistakes
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