https://www.taxtmi.com/caselaws?id=15931 The court ruled in favor of the Revenue, upholding the second rectification under section 155(7) of the Income-tax Act. It clarified that the approval of the Inspecting Assistant Commissioner is not required for such rectifications and emphasized the legislative intent regarding the necessity of approval for proposing additional tax under section 104. The judgment highlighted that rectification under section 155(7) is a consequential order resulting from other proceedings under the Act, superseding the initial rectification order. The court awarded costs in favor of the Revenue. en-us Mon, 30 Mar 1998 00:00:00 +0530 Mon, 31 Aug 2009 10:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15931 The court ruled in favor of the Revenue, upholding the second rectification under section 155(7) of the Income-tax Act. It clarified that the approval of the Inspecting Assistant Commissioner is not required for such rectifications and emphasized the legislative intent regarding the necessity of approval for proposing additional tax under section 104. The judgment highlighted that rectification under section 155(7) is a consequential order resulting from other proceedings under the Act, superseding the initial rectification order. The court awarded costs in favor of the Revenue. Case-Laws Income Tax Mon, 30 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15931