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Rectification u/s 254 doesn’t permit Tribunal to review its earlier order: ITAT

September 18, 2019[2019] 111 414 (Amritsar - Trib.)/[2020] 180 ITD 68 (Amritsar - Trib.)

INCOME TAX : Where assessee purchased a land from a land owner and immediatly sold same in form of plots to several parties and Assessing Officer made disallowance under section 40A(3) as land was purchased by assessee in cash, since Tribunal while taking into consideration facts that assessee did not make any cash payments to land owner directly and sale deeds were executed directly between land owner and purchasers, deleted impugned disallowance, there was no error apparent from record in Tribunal's order so as to invoke section 254
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