https://www.taxtmi.com/caselaws?id=402196 The Court analyzed the interpretation of the limitation period under Section 254(2) of the Income Tax Act, 1961, specifically focusing on the starting point for calculating the period of limitation for filing an application for rectification. It was held that the limitation period should be counted from the date of communication of the order, excluding the time taken for serving the order as per Section 268 of the Act. The Court allowed the appeal, directing the Tribunal to hear the application on merit within a specified timeframe, emphasizing the importance of interpreting statutory provisions accurately. en-us Wed, 23 Dec 2020 00:00:00 +0530 Fri, 02 Jul 2021 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402196 The Court analyzed the interpretation of the limitation period under Section 254(2) of the Income Tax Act, 1961, specifically focusing on the starting point for calculating the period of limitation for filing an application for rectification. It was held that the limitation period should be counted from the date of communication of the order, excluding the time taken for serving the order as per Section 268 of the Act. The Court allowed the appeal, directing the Tribunal to hear the application on merit within a specified timeframe, emphasizing the importance of interpreting statutory provisions accurately. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402196