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2011 (8) TMI 868 - AT - Income TaxRectification of mistakes - whether the assessee's activity, as undertaken, is one of hiring, which would thus fall within the purview of the Hire Purchase Act, 1972, or one of financing, so that the charges received by it, qualify to be considered as an interest, and, thus, subject to the Interest Tax Act. 1974 - the findings of the learned Accountant Member are that what all the learned Departmental Representative stated while representing the Revenue is that if the Tribunal finds that if there has been in fact, a non-adjudication of the relevant ground, the Revenue would have no objection for recalling of the order to that limited extent - The learned AM, in my opinion has properly discussed the issue as also the case laws relied upon by the learned counsel for the assessee to seek a rectification, and has come to a correct conclusion that the mistakes pointed out by the assessee were not obvious on the face of the record which warrant rectification - Decided against the assessee
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