https://www.taxtmi.com/caselaws?id=71353 The Tribunal rejected the appeal against the decision of the CIT(A) regarding a rectification order passed by the Assessing Officer (AO) under section 154 read with section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the rectification order by the AO was not time-barred, emphasizing that the date of the rectification order cannot be equated with the date of the original order for computing time limits for penalties. Upholding the appellant's argument would lead to an absurd interpretation of the law, rendering section 154 meaningless. Consequently, the Tribunal dismissed the appeal. en-us Thu, 31 May 2007 00:00:00 +0530 Wed, 08 Aug 2012 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71353 The Tribunal rejected the appeal against the decision of the CIT(A) regarding a rectification order passed by the Assessing Officer (AO) under section 154 read with section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the rectification order by the AO was not time-barred, emphasizing that the date of the rectification order cannot be equated with the date of the original order for computing time limits for penalties. Upholding the appellant's argument would lead to an absurd interpretation of the law, rendering section 154 meaningless. Consequently, the Tribunal dismissed the appeal. Case-Laws Income Tax Thu, 31 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71353