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2016 (11) TMI 162 - HC - Income TaxReview and rectification of order - Held that:- In view of the observations made by the Honourable Apex Court in Assistant Commissioner of Income-Tax v. Saurashtra Kutch Stock Exchange Ltd. (2008 (9) TMI 11 - SUPREME COURT ), in our opinion, the Tribunal has the power to review its own order and rectify the error committed by it. We, therefore, set aside the impugned order passed by the Tribunal and remit the matter back to the Tribunal to hear the Miscellaneous Application afresh and decide the same on its own merits and in accordance with law. Accordingly, this appeal is allowed. The question posed for our consideration is answered in favour of the assessee and against the revenue.
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