https://www.taxtmi.com/caselaws?id=372066 The High Court upheld the Tribunal's decision to set aside rectification under Section 154 of the Income Tax Act, 1961 due to the expiration of the limitation period and legal constraints on carrying forward losses from the assessment year 1985-86. The Court rejected appeals, emphasizing compliance with statutory provisions and timelines in tax assessments. en-us Tue, 11 Dec 2018 00:00:00 +0530 Mon, 17 Dec 2018 06:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372066 The High Court upheld the Tribunal's decision to set aside rectification under Section 154 of the Income Tax Act, 1961 due to the expiration of the limitation period and legal constraints on carrying forward losses from the assessment year 1985-86. The Court rejected appeals, emphasizing compliance with statutory provisions and timelines in tax assessments. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372066