https://www.taxtmi.com/caselaws?id=12708 The High Court directed the Tribunal to reconsider a public limited company's miscellaneous application seeking rectification of an order related to the assessment year 1990-91 under section 254(2) of the Income Tax Act, 1961. Despite the Tribunal's rejection citing expiration of the four-year limitation period, the High Court ruled that filing the application within the timeframe entitled the assessee to a decision on the merits. The Tribunal was instructed to review the application within three months, emphasizing the need to adhere to statutory timeframes for deciding applications. en-us Fri, 05 Jul 2002 00:00:00 +0530 Thu, 21 May 2009 13:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12708 The High Court directed the Tribunal to reconsider a public limited company's miscellaneous application seeking rectification of an order related to the assessment year 1990-91 under section 254(2) of the Income Tax Act, 1961. Despite the Tribunal's rejection citing expiration of the four-year limitation period, the High Court ruled that filing the application within the timeframe entitled the assessee to a decision on the merits. The Tribunal was instructed to review the application within three months, emphasizing the need to adhere to statutory timeframes for deciding applications. Case-Laws Income Tax Fri, 05 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12708