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2018 (10) TMI 1878 - AT - Income TaxRevision u/s 254 - tribunal considering the fact recorded by the Assessing Officer, inter alia held that the assessee has not carried out any activities in connection with agricultural activity, as provided under explanations of section 80P(4), its activities are purely a commercial banking activity - HELD THAT:- From the various judgements of the Supreme Court and other High Courts, it is clear, that the Tribunal’s power u/s. 254(2) is not to review its earlier order, but only to amend it with a view to rectify any mistake apparent from the record. An error apparent on the record means an error which strikes one on mere looking and does not need a long drawn out process of reasoning on points on which there may be conceivably two opinions. The error should not require any extraneous matter to show its incorrectness. If the view accepted by the Tribunal in the impugned order is one of possible views, the case cannot be said to be covered by an error apparent on the face of the record. Since the assessee is not able to exactly point out the mistake apparent from the record, the MP is dismissed.
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