https://www.taxtmi.com/caselaws?id=257604 The High Court allowed three petitions challenging rectification orders by the Settlement Commission under the Income Tax Act. The court ruled that the Commission lacked authority to reopen concluded proceedings under Section 245D(4) using Section 154, clarifying that interest cannot be imposed through rectification if there is no power to rectify a finalized order. The decision emphasized the limits of the Commission's rectification powers under the Act, highlighting that interest cannot be levied without proper authority. en-us Thu, 05 Mar 2015 00:00:00 +0530 Tue, 17 Mar 2015 06:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257604 The High Court allowed three petitions challenging rectification orders by the Settlement Commission under the Income Tax Act. The court ruled that the Commission lacked authority to reopen concluded proceedings under Section 245D(4) using Section 154, clarifying that interest cannot be imposed through rectification if there is no power to rectify a finalized order. The decision emphasized the limits of the Commission's rectification powers under the Act, highlighting that interest cannot be levied without proper authority. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257604