https://www.taxtmi.com/caselaws?id=27027 The Supreme Court upheld the constitutionality of the amended section 80J of the Income-tax Act, 1961, with retrospective effect. The High Court ruled that the Inspecting Assistant Commissioner lacked the authority to rectify orders granting relief under section 80J, which had been finalized by the Tribunal and the Appellate Assistant Commissioner. Consequently, the petitions challenging the notices issued under section 154 were allowed, and the notices were quashed, with costs awarded to the assessee. en-us Mon, 04 Mar 1985 00:00:00 +0530 Wed, 10 Feb 2010 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27027 The Supreme Court upheld the constitutionality of the amended section 80J of the Income-tax Act, 1961, with retrospective effect. The High Court ruled that the Inspecting Assistant Commissioner lacked the authority to rectify orders granting relief under section 80J, which had been finalized by the Tribunal and the Appellate Assistant Commissioner. Consequently, the petitions challenging the notices issued under section 154 were allowed, and the notices were quashed, with costs awarded to the assessee. Case-Laws Income Tax Mon, 04 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27027