ITAT Recalls Order, Cites Jurisdictional Mistake

Smt. M.K. Rajeshwari Vs ITO (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT), Bangalore, has allowed a miscellaneous petition filed by Smt. M.K. Rajeshwari, recalling its previous order dated October 12, 2018. The assessee argued that the original order suffered from a mistake apparent on the face of the record because her case was heard by a Single Member Bench, despite the total assessed income exceeding the statutory limit of Rs. 50 lakhs. According to Section 255(3) of the Income-tax Act, 1961, only cases where the total income does not exceed this amount can be heard by a Single ...