https://www.taxtmi.com/caselaws?id=256864 The court ruled that the period of limitation for filing a rectification application under section 254(2) of the Income-tax Act starts from the date the petitioner-assessee receives the Tribunal's order, not from the date the order was passed. The court referred to legal precedents and held that the rectification application, submitted within four years from receipt of the order, was not time-barred. The Tribunal's dismissal based on limitation was overturned, and the matter was sent back for consideration on its merits, affirming the petitioner's statutory right to rectify within the prescribed period. en-us Thu, 12 Dec 2013 00:00:00 +0530 Tue, 24 Feb 2015 06:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256864 The court ruled that the period of limitation for filing a rectification application under section 254(2) of the Income-tax Act starts from the date the petitioner-assessee receives the Tribunal's order, not from the date the order was passed. The court referred to legal precedents and held that the rectification application, submitted within four years from receipt of the order, was not time-barred. The Tribunal's dismissal based on limitation was overturned, and the matter was sent back for consideration on its merits, affirming the petitioner's statutory right to rectify within the prescribed period. Case-Laws Income Tax Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256864