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Whether the Tribunal in the impugned order has considered the 4th ground of appeal, which reads as under :“On the facts and in law and without prejudice to above grounds of appeal, the Ld. CIT(A) erred in sustaining an addition to the extent of 12.5% of the alleged bogus purchases without reducing the GP already shown by the appellant on these alleged bogus purchases.”

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Sec. 254 of Income Tax Act, 1961—Rectification of Mistake— A perusal of the facts clearly indicate that the applicant has not pointed out any mistake apparent from the record and a mistake apparent on the record must be an obvious mistake and not something which can be established by a long drawn process of reasoning on points on which there may be conceivably two opinions and a decision on a debatable point of law is not a mistake apparent from the record - It is an accepted position that the Tribunal does not have any power to review its own orders under the provisions of the IT Act, 1961 and the only power which the Tribunal possesses is to rectify any mistake in its own order which is apparent from the record and this is merely a power of amending its order and in the case of assessee , in the first order, there is no mistake which is apparent from the record at all. - ASHOK NAGRAJ MEHTA V/s ASSTT. CIT - [2020] 27 ITCD Online 061 (ITAT-MUMBAI)

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