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Misc matters ITAT (FAQs :question: (.Can the entire order be reopened In…
Misc matters ITAT
FAQs :question:
decision of Tribunal in reported cases had not been placed on record or brought to notice of tribunal
Tribunal did not follow those decisions,1t cannot be said that there was mistake in ‘ Order of Tribunal falling within ambit of section 254(2)
rectification on the basis of subsequent High Court or Supreme Court ruling #
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Can the Tribunal consider latest ruling of High Court or Supreme Court; not available AT the time WHEN rectification proceedings were initiated ; WHEN PROCEEDING ID PENDING
Tribunal is bound to take note of latest decisions pronounced by High )urt or Supreme Court on subject
will be so even if decision is not available when rectification Droceedings under section 154 are initiated
amendment has the effect of enhancing an assessment (or reducing a refund or otherwisé increasing the liability of the assessee)
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Time-limit applicable with effect Rectification order can be passed by Tribunal within 6 months from the from June 1, 2016 end of the month in which the order was passed.