https://www.taxtmi.com/caselaws?id=348817 The Tribunal dismissed the miscellaneous applications seeking rectification of orders passed by the ITAT 'B' Bench, Hyderabad, holding them time-barred under Sec. 254(2) of the IT Act. The Tribunal ruled that the amended provision, reducing the filing timeline to six months, applies retrospectively to all orders, rejecting the assessee's argument that the old provision's timeline applied. Emphasizing strict adherence to statutory timelines, the Tribunal upheld the dismissal, citing the lack of authority to extend limitation periods beyond statutory provisions. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 29 Sep 2017 11:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348817 The Tribunal dismissed the miscellaneous applications seeking rectification of orders passed by the ITAT 'B' Bench, Hyderabad, holding them time-barred under Sec. 254(2) of the IT Act. The Tribunal ruled that the amended provision, reducing the filing timeline to six months, applies retrospectively to all orders, rejecting the assessee's argument that the old provision's timeline applied. Emphasizing strict adherence to statutory timelines, the Tribunal upheld the dismissal, citing the lack of authority to extend limitation periods beyond statutory provisions. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348817