https://www.taxtmi.com/caselaws?id=250051 The Court held that the Assessing Officer's invocation of Section 154 to withdraw unabsorbed investment allowance was impermissible as it amounted to a revision of the earlier assessment order, barred by the limitation period. Additionally, the Court ruled that the AO could not modify the assessment order for the year without altering preceding years' orders where the allowance was determined, emphasizing the importance of consistency and adherence to prescribed procedures in tax adjudication. The appeal was allowed, setting aside the Tribunal's order and reinstating the Commissioner's decision to allow the investment allowance. en-us Wed, 25 Jun 2014 00:00:00 +0530 Tue, 17 Feb 2015 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250051 The Court held that the Assessing Officer's invocation of Section 154 to withdraw unabsorbed investment allowance was impermissible as it amounted to a revision of the earlier assessment order, barred by the limitation period. Additionally, the Court ruled that the AO could not modify the assessment order for the year without altering preceding years' orders where the allowance was determined, emphasizing the importance of consistency and adherence to prescribed procedures in tax adjudication. The appeal was allowed, setting aside the Tribunal's order and reinstating the Commissioner's decision to allow the investment allowance. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250051