https://www.taxtmi.com/caselaws?id=384612 The Tribunal upheld the order passed under Section 154 by the Assessing Officer, ruling it was valid and necessary, following the reassessment order for the previous year. The rectification did not alter the tax liability for the current year, merely adjusting losses to be carried forward. The Tribunal dismissed the appeal, finding the rectification in accordance with the law and upholding its validity. en-us Fri, 09 Aug 2019 00:00:00 +0530 Sun, 18 Aug 2019 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384612 The Tribunal upheld the order passed under Section 154 by the Assessing Officer, ruling it was valid and necessary, following the reassessment order for the previous year. The rectification did not alter the tax liability for the current year, merely adjusting losses to be carried forward. The Tribunal dismissed the appeal, finding the rectification in accordance with the law and upholding its validity. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384612