Tribunal has no Power to Recall/Review its own Orders: ITAT dismisses MA Challenging Revisionary Order

The ITAT dismissed a Miscellaneous Application (MA) that sought to challenge a revisionary order, reiterating that the tribunal does not have the authority to recall or review its own orders. This ruling reaffirms the principle that once a decision has been made by the tribunal, it cannot be revisited unless there is a significant legal basis to do so, such as a mistake apparent from the record. The case in question involved an assessee who attempted to contest the order on grounds that were not accepted by the tribunal. The ITAT’s ruling upholds the finality of its decisions, thereby preventing unnecessary delays in legal proceedings.