https://www.taxtmi.com/caselaws?id=15838 The court ruled in favor of the Revenue and against the assessee in a case involving the interpretation of the term "record" in section 154 of the Income-tax Act, 1961. The court held that the term "record" includes all relevant documents available at the time of initiating rectification proceedings, not just those present during the original order. The rectification of assessment orders for the years 1973-74 and 1974-75 was upheld as lawful under section 154, resulting in a refund to the assessee. However, the order revising the original order under section 155(7) was deemed unsustainable. en-us Tue, 09 Jun 1998 00:00:00 +0530 Sat, 29 Aug 2009 14:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15838 The court ruled in favor of the Revenue and against the assessee in a case involving the interpretation of the term "record" in section 154 of the Income-tax Act, 1961. The court held that the term "record" includes all relevant documents available at the time of initiating rectification proceedings, not just those present during the original order. The rectification of assessment orders for the years 1973-74 and 1974-75 was upheld as lawful under section 154, resulting in a refund to the assessee. However, the order revising the original order under section 155(7) was deemed unsustainable. Case-Laws Income Tax Tue, 09 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15838