Tribunal not empowered to recall or review its own order: ITAT Hyderabad

Advertisement Samriddhi Petroproducts Private Limited Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that the Tribunal has no power to recall/review its own orders in terms of scope and power of Tribunal for rectification of order u/s. 254(2) of the Income Tax Act. Facts- The original assessment order was passed on 12/09/2016 and against that 263 order was passed by the learned Principal CIT on 28/02/2019, as none appeared on behalf of the assessee in the 263 proceedings. Feeling aggrieved, the assessee challenged the order of the learned PCIT before the Tribunal to grant fresh hearing. The le...