https://www.taxtmi.com/caselaws?id=61617 The Tribunal upheld the CIT(A)'s decision to cancel the rectification order under section 154 for the assessment year 1996-97. The AO's attempt to rectify the assessment order was deemed unjustified as it aimed to adjust unabsorbed depreciation from previous years beyond the time limit for rectification. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and affirming the cancellation of the rectification order. en-us Mon, 31 Jul 2006 00:00:00 +0530 Wed, 08 Aug 2012 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61617 The Tribunal upheld the CIT(A)'s decision to cancel the rectification order under section 154 for the assessment year 1996-97. The AO's attempt to rectify the assessment order was deemed unjustified as it aimed to adjust unabsorbed depreciation from previous years beyond the time limit for rectification. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and affirming the cancellation of the rectification order. Case-Laws Income Tax Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61617