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2017 (9) TMI 662 - AT - Income TaxRectification of mistake - Allowability of deduction u/s 80IA - determination of quantum thereon with regard to captive consumption of electricity - Held that:- We find that this Tribunal had passed an order by placing proper reliance on the decision of the Hon’ble Jurisdictional High Court on the issue of allowability of deduction u/s 80IA of the Act and determination of quantum thereon with regard to captive consumption of electricity. We do not find any error in the said order passed by this Tribunal warranting any rectification in terms of Section 254(2) of the Act. Failure of the Tribunal to consider the argument advanced by either party for arriving at a conclusion is not an error apparent on the record, although it may be an error of judgment. It has been further held that the Tribunal cannot in exercise of its power of rectification look into some other circumstances which would support or not support its conclusion. The present application of the assessee u/s 254(2) of the Act is devoid of merits and deserves to be dismissed
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