https://www.taxtmi.com/caselaws?id=22127 The High Court ruled that the rectification order dated September 10, 1985, was not barred by limitation, as it fell within the four-year period from the end of the financial year in which the original assessment order was passed. The court emphasized that the amended section 154(7) governed the time frame for rectification, in line with the Supreme Court decision in S. Sankappa v. ITO [1968] 68 ITR 760. Consequently, the High Court answered the reference question in the negative, favoring the Revenue, with both judges concurring in a unanimous decision. No costs were awarded in the case. en-us Thu, 20 Dec 1990 00:00:00 +0530 Mon, 07 Dec 2009 12:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22127 The High Court ruled that the rectification order dated September 10, 1985, was not barred by limitation, as it fell within the four-year period from the end of the financial year in which the original assessment order was passed. The court emphasized that the amended section 154(7) governed the time frame for rectification, in line with the Supreme Court decision in S. Sankappa v. ITO [1968] 68 ITR 760. Consequently, the High Court answered the reference question in the negative, favoring the Revenue, with both judges concurring in a unanimous decision. No costs were awarded in the case. Case-Laws Income Tax Thu, 20 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22127