https://www.taxtmi.com/caselaws?id=385968 The High Court ordered the restoration of a rectification application by an investment fund concerning the Income Tax Act. The Assistant Commissioner's refusal to decide the rectification due to a pending appeal was deemed unwarranted. The Court clarified that pending appeals do not restrict the Authority's power to make amendments under Section 154. The rejection of the rectification application was set aside, and the matter was directed back to the Assistant Commissioner for proper consideration, emphasizing the correct interpretation and application of the law. en-us Wed, 04 Sep 2019 00:00:00 +0530 Tue, 17 Sep 2019 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385968 The High Court ordered the restoration of a rectification application by an investment fund concerning the Income Tax Act. The Assistant Commissioner's refusal to decide the rectification due to a pending appeal was deemed unwarranted. The Court clarified that pending appeals do not restrict the Authority's power to make amendments under Section 154. The rejection of the rectification application was set aside, and the matter was directed back to the Assistant Commissioner for proper consideration, emphasizing the correct interpretation and application of the law. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385968