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2013 (1) TMI 647 - ITAT HYDERABADRectification of mistakes - Exclusion of US Branch sales from the total turnover as well as from the export turnover while computing the deduction u/s 10B - Held that:- The power to rectify a mistake u/s 254(2) cannot be used for recalling the entire order. No power of review has been given to the Tribunal under the IT Act. The assessee has not fulfilled the conditions laid down in section 10B as it speaks only of exports out of India, irrespective of the purchases & the facts remain that the goods have not been physically exported out of India and therefore the important and necessary condition precedent for claiming deduction u/s 10B has not been satisfied. As such, the assessee wants to review the order of the Tribunal in the instant case u/s 254(2) which is not permissible under ITAT Rules - against assessee.
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