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2018 (7) TMI 1856 - HC - Income TaxRectification of mistake - imposition of penalty based that one Sh. Pradeep Kumar Bansal had provided accommodation entries and that the credit claimed was not genuine - Held that:- This Court has considered the overall circumstances of the case. On merits, the petitioner was unsuccessful before the three statutory authorities. Therefore, as far as the appreciation of facts and application of law is concerned, there is no question of interference under Article 226 of the Constitution. In any event, the narrow compass within which this Court is called upon to exercise jurisdiction under Article 226 is to consider whether the ITAT’s refusal to rectify its previous order (which was based upon the merits of the matter, including the allegation of denial of natural justice), was illegal. The Court is of the opinion that having regard to the extremely circumscribed jurisdiction of the ITAT while considering the rectification application, its view cannot be considered unreasonable.
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