Section 62 of Bombay Sales Tax Act empowers Tribunal to rectify glaring error

Commissioner of Sales Tax Vs Mardia Steel Ltd. (Bombay High Court) Bombay High Court held that Section 62 of the Bombay Sales Tax Act empowers the Tribunal to rectify glaring error. Thus, earlier order which ignored binding precedents can be rectified. Writ disposed of accordingly. Facts- M/s. Mardia Steel Ltd. was assisted by the Assistant Commissioner Sales Tax (Assessment) for the period from 01 January 1988 to 31 March 1989, which resulted in a refund of Rs. 48,000/-. However, since the payment of taxes was delayed, the Assessing Authority levied a penalty/interest u/s. 36(3)(a) of the Bom...