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2011 (10) TMI 474 - HC - Income TaxPower of Tribunal to amend order u/s 254 - Whether Tribunal can recall an order passed u/s 254(1), on an application filed by either of the party u/s 254(2) - Held that:- In the orders passed u/s 254(1), if either of the party to the order u/s 254(1) makes an application for such rectification of mistakes apparent from the record, the Tribunal is vested with the power to amend the order passed under sub-section (1), if it is satisfied that there is a mistake in the order which it has passed u/s 254(1). The only limitation imposed on the Tribunal is that the mistake to be rectified is a mistake borne from the record. By no stretch of imagination the said power could be exercised to review the earlier order passed. See ACIT v. C.N. Ananthram [2003 - TMI - 11343 - KARNATAKA High Court - Income Tax] - Decided in favor of the assessee
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