Section 254(2) Applies Only Rectification Of Mistake, Can't Be Utilised For Recall And Review Order: ITAT

In a recent case, the Income Tax Appellate Tribunal (ITAT) allowed rectification of an order under Section 254(2), emphasizing the power to correct mistakes apparent from the record. The tribunal clarified that this provision allows for the recall or review of its own orders to rectify errors, ensuring fairness and accuracy in judicial proceedings. This decision underscores the importance of procedural rectification in maintaining the integrity of judicial decisions under tax laws.