Telangana HC Upholds ITAT’s Rejection of Section 254(2) Rectification Plea

Oakton Global Technology Service Centre (India) Private Limited Vs Income Tax Appellate Tribunal (Telangana High Court) Telangana High Court Upholds ITAT’s Rejection of Rectification Application Under Section 254(2) of Income-tax Act The Telangana High Court has reaffirmed the limited scope of rectification proceedings under Section 254(2) of the Income-tax Act, 1961, holding that the provision can only be invoked to correct mistakes apparent from the record and cannot be used as a mechanism to revisit or review the merits of an appellate order passed by the Income Tax Appellate Tribunal (IT...