TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Gujarat and Calcutta High Courts: Rectifications Valid if Officer Had Authority Under Either Income Tax Act Section.</h1> Recent cases have addressed whether rectification proceedings for assessments completed under the old Income Tax Act should be conducted under Section 35 of the old Act or Section 154 of the new Act. The Gujarat High Court ruled that rectifications made under the wrong section are not invalid if the Income Tax Officer (ITO) had the authority to rectify under either provision, as long as the conditions and powers are identical. The Calcutta High Court concurred with this view. It is advisable to use Section 35 of the old Act to avoid potential criticism. Officers in charge should be informed of these rulings.
TaxTMI 
TaxTMI 
