https://www.taxtmi.com/caselaws?id=77571 The High Court ruled in favor of the appellant, holding that the Assessing Officer was not permitted to rectify the original assessment order based on subsequent amendments to the law. The Court emphasized the principle that if an Assessing Officer had correctly applied the law at the time of assessment, subsequent changes to the law cannot invalidate the original order. The judgment in CIT v. Max India Ltd. was crucial in determining the validity of the rectification order under section 154 for the assessment year 1998-99. The appeal was allowed, and the orders of rectification were set aside. en-us Mon, 15 Feb 2010 00:00:00 +0530 Sat, 25 Sep 2010 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77571 The High Court ruled in favor of the appellant, holding that the Assessing Officer was not permitted to rectify the original assessment order based on subsequent amendments to the law. The Court emphasized the principle that if an Assessing Officer had correctly applied the law at the time of assessment, subsequent changes to the law cannot invalidate the original order. The judgment in CIT v. Max India Ltd. was crucial in determining the validity of the rectification order under section 154 for the assessment year 1998-99. The appeal was allowed, and the orders of rectification were set aside. Case-Laws Income Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77571