Tribunal has no power to review its own orders adjudicated on merits

RELEVANT PARAGRAPHS: 6.9 Right to review is a creature of statute as is right of appeal. The income-tax Act does not confer any power on the appellate authority, to review its own order. A review is not a substitute for an appeal, as held by the Rajasthan High Court in Jaipur Finance & Dairy Product (P) Ltd. v. CIT (1980) 18 CTR (Raj) 324; (1980) 125 ITR 404 (Raj). The Rajasthan High Court in CIT v. Globe Transport Corporation (1991) 93 CTR (Raj) 121; (1992) 195 ITR 311 (Raj) observed that the power of review is not inherent in a court or Tribunal, it is a creature of the statute; a Court...