Sec 254(2) Tribunal can’t Review its own order unless there is a Mistake apparent from Records

Sh. Bimal V. Pala Vs. Principal CIT (ITAT Mumbai) The Division Bench of the tribunal while passing order in ITA no. 2735/Mum/2016 has taken a conscious decision after due application of mind by upholding the decision of Principal CIT in invoking provisions of Section 263 as the AO had accepted the assessee to be Non-Resident during the relevant period merely on the basis of submissions of the assessee without making any inquiry/verification and without any cogent material on record. The assessee did not place passport, bank statements before the AO while on the other hand the assessee had admi...