https://www.taxtmi.com/caselaws?id=27056 The High Court held that the time-limit for rectification under section 154 of the Income-tax Act should be calculated from the date of the reassessment order, not from the earlier rectification order. The Court emphasized that the reassessment order supersedes the original assessment, and the limitation period should commence from the reassessment date. The Court referenced established legal principles from Supreme Court decisions on reassessment proceedings, highlighting that reassessment involves a fresh assessment considering the total income or turnover. en-us Fri, 26 Oct 1984 00:00:00 +0530 Wed, 10 Feb 2010 15:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27056 The High Court held that the time-limit for rectification under section 154 of the Income-tax Act should be calculated from the date of the reassessment order, not from the earlier rectification order. The Court emphasized that the reassessment order supersedes the original assessment, and the limitation period should commence from the reassessment date. The Court referenced established legal principles from Supreme Court decisions on reassessment proceedings, highlighting that reassessment involves a fresh assessment considering the total income or turnover. Case-Laws Income Tax Fri, 26 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27056