Commissioner Of Income Tax (It)4 vs M/S. Reliance Telecom Ltd.

The Supreme Court upheld the decision of the High Court which dismissed the writ petitions filed by the Commissioner of Income Tax (IT-4) against the Income Tax Appellate Tribunal's order. The Tribunal had recalled its earlier orders under Section 254(2) of the Income Tax Act, which the Court found to be within the Tribunal's jurisdiction. The Court confirmed that the Tribunal's exercise of power was justified and did not warrant interference.