No review power vest with ITAT, only authorized to amend his order for mistake apparent from records u/s 254 (2)

Brief of the Case ITAT Mumbai held In the case of Shakti Cable Industries vs. ITO that it is clear that the words mistake apparent from record, as appearing in the section 254(2) has a special meaning and definite connotation. A patent, manifest and self-evident error which does not require elaborate discussion of evidence or arguments to establish it, can be said to be an error apparent on the face of the record and only such a mistake can be corrected while applying provisions of section 254(2). It is also a settled legal proposition that the scope of the said section is very limited and cir...