https://www.taxtmi.com/caselaws?id=15758 The court upheld the Income-tax Officer's authority to rectify the penalty order under Section 154 of the Income-tax Act, 1961, as the mistake in the calculation was apparent on the record. It clarified that the time limit prescribed under Section 275 for passing penalty orders does not apply to rectification orders under Section 154. The rectification was deemed valid, correcting a calculation error in the original penalty order, and the court ruled in favor of the Income-tax Officer, with no costs awarded to the assessee. en-us Wed, 29 Oct 1997 00:00:00 +0530 Thu, 27 Aug 2009 15:21:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15758 The court upheld the Income-tax Officer's authority to rectify the penalty order under Section 154 of the Income-tax Act, 1961, as the mistake in the calculation was apparent on the record. It clarified that the time limit prescribed under Section 275 for passing penalty orders does not apply to rectification orders under Section 154. The rectification was deemed valid, correcting a calculation error in the original penalty order, and the court ruled in favor of the Income-tax Officer, with no costs awarded to the assessee. Case-Laws Income Tax Wed, 29 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15758