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2016 (9) TMI 1272 - AT - Income TaxExemption u/s.12A canceled - Rectification of mistake - Held that:- It is quite clear that the registration of the applicant has not been cancelled merely on the ground of access expenditure of the permissible limit u/s 2(15) of the Act and applicability of law is also clear which has been discussed while passing the order dated 3-2-2016 which does not require to be discussed again. Any how the observation in case i.e Bangalore Vs. Karnataka Industrial Area Development Board (2015 (7) TMI 169 - KARNATAKA HIGH COURT) has duly been complied with. With regard to assessee’s contention that order was passed beyond 90 days, we found that necessary administrative clearance had been taken and the order was passed on 03.02.2016. Accordingly, we are of the view that the present M.A. is liable to be dismissed as there is no mistake much an apparent mistake in the order of the Tribunal dated 03.02.2016. Thus miscellaneous application of the assessee u/s.254(2) for the rectification of the mistake is hereby dismissed.
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