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Under which of the following situations the appellate tribunal can rectify...

This question belongs to Commerce Income Tax And Corporate Tax
Income Tax and Corporate Tax
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Under which of the following situations, the appellate tribunal can rectify the mistake in the order passed by it Under Section 254 (2) of Income Tax Act?
1. If subsequent decision of the Supreme Court/High Court is available on the subject after the appellate tribunal's order.
2. If an assessee apply for rectification of the tribunal's order by raising fresh grounds before the tribunal.
3. If the omission or mistake is on the part of appellate tribunal.
4. If the order is passed by the appellate tribunal under an erroneous impression of fact or law.
Select the correct answer:

Answer & Solution
Correct Answer: Option C
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1 Comment
Balaji Waghmare
Balaji Waghmare 3 months ago
write answer should be D -both 3 & 4
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