https://www.taxtmi.com/caselaws?id=23197 The High Court of Madhya Pradesh ruled in favor of the assessee in a case involving the rectification of assessment orders under the Income-tax Act, 1961. The Court found that the rectification under section 154 was barred by limitation as the tax calculations were actually completed in March 1982, not in October 1981 as claimed by the Revenue. The Court emphasized that rectification encompasses both income and tax computation, rejecting the Revenue's argument based on the date mentioned in the rectification orders. Consequently, the Court decided the question of law in favor of the assessee and against the Revenue, with no costs awarded. en-us Tue, 21 Nov 1989 00:00:00 +0530 Thu, 17 Dec 2009 13:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23197 The High Court of Madhya Pradesh ruled in favor of the assessee in a case involving the rectification of assessment orders under the Income-tax Act, 1961. The Court found that the rectification under section 154 was barred by limitation as the tax calculations were actually completed in March 1982, not in October 1981 as claimed by the Revenue. The Court emphasized that rectification encompasses both income and tax computation, rejecting the Revenue's argument based on the date mentioned in the rectification orders. Consequently, the Court decided the question of law in favor of the assessee and against the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 21 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23197