https://www.taxtmi.com/caselaws?id=202257 The court dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's order for the assessment year 2000-01. The key issue was the interpretation of the limitation period under section 263(2) of the Income-tax Act. The court held that the revision order must be issued within two years from the end of the financial year in which the original assessment order was passed. Emphasizing the doctrine of merger, the court rejected the Revenue's argument that the rectification order merged with the original assessment order. The court found no substantial question of law and upheld the Tribunal's decision that the revision order was time-barred. en-us Mon, 21 Dec 2009 00:00:00 +0530 Wed, 03 Jul 2013 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202257 The court dismissed the Revenue's appeal against the Income-tax Appellate Tribunal's order for the assessment year 2000-01. The key issue was the interpretation of the limitation period under section 263(2) of the Income-tax Act. The court held that the revision order must be issued within two years from the end of the financial year in which the original assessment order was passed. Emphasizing the doctrine of merger, the court rejected the Revenue's argument that the rectification order merged with the original assessment order. The court found no substantial question of law and upheld the Tribunal's decision that the revision order was time-barred. Case-Laws Income Tax Mon, 21 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202257