https://www.taxtmi.com/caselaws?id=62366 The Tribunal rejected the Revenue's rectification petition for the assessment year 1993-94 as time-barred, despite the strong merits of the case. The petition, challenging the exclusion of processing charges from total turnover for deduction under section 80HHC, was dismissed due to being filed after the prescribed limitation period. The Revenue's contention regarding the sustainability of the Tribunal's judgment, based on a High Court decision, was not upheld, emphasizing the significance of complying with the statutory time limits for rectification petitions. en-us Wed, 23 Sep 2009 00:00:00 +0530 Tue, 05 Nov 2013 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62366 The Tribunal rejected the Revenue's rectification petition for the assessment year 1993-94 as time-barred, despite the strong merits of the case. The petition, challenging the exclusion of processing charges from total turnover for deduction under section 80HHC, was dismissed due to being filed after the prescribed limitation period. The Revenue's contention regarding the sustainability of the Tribunal's judgment, based on a High Court decision, was not upheld, emphasizing the significance of complying with the statutory time limits for rectification petitions. Case-Laws Income Tax Wed, 23 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62366