https://www.taxtmi.com/caselaws?id=359594 The High Court of Bombay quashed and set aside the orders rejecting the rectification application under Section 154 of the Income Tax Act, 1961 for Assessment Year 1997-98. The Court appreciated the proactive intervention of the Commissioner of Income Tax, acknowledging the injustice caused and ensuring prompt resolution with refund and interest to the petitioner. Emphasizing fairness in dealings between tax authorities and taxpayers, the judgment aimed to foster compliance with tax laws. The Court allowed the petition without imposing costs, directing the order to be served to the Central Board of Direct Taxes in New Delhi. en-us Fri, 20 Apr 2018 00:00:00 +0530 Wed, 08 Aug 2018 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359594 The High Court of Bombay quashed and set aside the orders rejecting the rectification application under Section 154 of the Income Tax Act, 1961 for Assessment Year 1997-98. The Court appreciated the proactive intervention of the Commissioner of Income Tax, acknowledging the injustice caused and ensuring prompt resolution with refund and interest to the petitioner. Emphasizing fairness in dealings between tax authorities and taxpayers, the judgment aimed to foster compliance with tax laws. The Court allowed the petition without imposing costs, directing the order to be served to the Central Board of Direct Taxes in New Delhi. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359594