Dismissing the petition the Court held that; considering the overall circumstances of the case the Tribunal has dismissed the rectification appreciating the facts. Accordingly the order of Tribunal is up held.
R. L. Traders. v. ITO (2018) 100 Taxmann.com 331 (2019) 260 Taxman 110 (Delhi)(HC) Editorial : SLP of assessee is dismissed; R.L. Traders. v. ITO (2019) 260 Taxman 109 (SC)
S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record–Accommodation entries–Addition was confirmed as cash credits-Opportunity of cross examination- Rejection of rectification was held to be justified. [S. 68]