2019 (12) TMI 1453 - AT - Income Tax

Rectification of mistake u/s 254 - HELD THAT - There is a mistake apparent from record in the above lines recorded in order dated 20.12.2019 which is now suo moto corrected vide this Corrigendum and it should read as under ..The learned counsel for the assessee placed before the Bench , Balance Sheet of the said Lalitha Jewellery Mart Private Limited which has reserves and surplus to the tune of ₹ 289.29 crores as at 31.03.2015 .

Summary

Issues involved: Correction of mistake apparent from record in a judicial order.

Analysis:
The judgment pertains to a Corrigendum Order issued by the Appellate Tribunal ITAT Chennai to rectify a mistake apparent from the record in a previous order. The assessee had filed a Stay Petition related to an appeal for the Assessment Year 2015-16, which was disposed of by a Division Bench 'C', Chennai Bench. The mistake in question was identified in page 3, lines 11-14 of the order dated 20.12.2019. The original order incorrectly stated the reserves and surplus of a company at ?289.29 lacs, whereas the correct amount was ?289.29 crores. The Corrigendum Order was issued to correct this error, and it modified the original order accordingly. The rest of the order remained unchanged, with the correction being the sole focus of the Corrigendum. The correction was made suo moto, emphasizing the Tribunal's commitment to maintaining accuracy in judicial records and rectifying errors promptly. The Corrigendum Order effectively rectified the mistake apparent from the records, ensuring the accuracy and integrity of the judicial proceedings.