https://www.taxtmi.com/caselaws?id=28065 The High Court held that the Tribunal should have revised its order and upheld the ITO's rectification under Section 154, considering the retrospective amendment of the Direct Taxes (Amendment) Act, 1974. The Court found that the invocation of Section 154 was justified, and the ITO's rectification was deemed valid. The Tribunal's failure to consider the retrospective amendment's effect was deemed an error, leading to the Department's favor in the case. en-us Tue, 21 Dec 1982 00:00:00 +0530 Wed, 17 Feb 2010 17:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28065 The High Court held that the Tribunal should have revised its order and upheld the ITO's rectification under Section 154, considering the retrospective amendment of the Direct Taxes (Amendment) Act, 1974. The Court found that the invocation of Section 154 was justified, and the ITO's rectification was deemed valid. The Tribunal's failure to consider the retrospective amendment's effect was deemed an error, leading to the Department's favor in the case. Case-Laws Income Tax Tue, 21 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28065