Failure to Consider Key Judicial Rulings Allows Rectification u/s 254(2) of the Income Tax Act.

Rectification u/s 254(2) - failure to take cognizance of certain judicial pronouncements - non-consideration of the judgments of the jurisdictional High Court and the Tribunal, which were specifically relied upon by the counsel during the course of the hearing of the appeal constitutes a mistake apparent from record - rectification allowable .....

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