https://www.taxtmi.com/caselaws?id=22419 The Appellate Tribunal rectified its earlier order under section 254(2) of the Income-tax Act, 1961 based on a subsequent decision by the High Court regarding the assessment of income from an association of persons. The rectification was deemed necessary as the assessees were members of the association, requiring their income to be computed as per the Act. The court held that the rectification was justified, considering the applicable law and previous decisions. The court ruled against the assessees, affirming the rectification by the Tribunal to align with the law and precedents. en-us Fri, 18 Jan 1991 00:00:00 +0530 Thu, 10 Dec 2009 10:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22419 The Appellate Tribunal rectified its earlier order under section 254(2) of the Income-tax Act, 1961 based on a subsequent decision by the High Court regarding the assessment of income from an association of persons. The rectification was deemed necessary as the assessees were members of the association, requiring their income to be computed as per the Act. The court held that the rectification was justified, considering the applicable law and previous decisions. The court ruled against the assessees, affirming the rectification by the Tribunal to align with the law and precedents. Case-Laws Income Tax Fri, 18 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22419