https://www.taxtmi.com/caselaws?id=28560 The High Court held that the rectification order under section 154 of the Income-tax Act, 1961 was invalid as it was beyond the limitation period and did not involve a clear mistake. The Court emphasized the debatable nature of the issue of interest entitlement under section 214, leading to a decision against the validity of the rectification order. The Court did not provide a specific ruling on the interest entitlement issue due to its decision on the rectification order. Consequently, the Court declared the rectification order as without jurisdiction and did not award costs for the reference. en-us Sat, 16 Jan 1982 00:00:00 +0530 Tue, 23 Feb 2010 16:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28560 The High Court held that the rectification order under section 154 of the Income-tax Act, 1961 was invalid as it was beyond the limitation period and did not involve a clear mistake. The Court emphasized the debatable nature of the issue of interest entitlement under section 214, leading to a decision against the validity of the rectification order. The Court did not provide a specific ruling on the interest entitlement issue due to its decision on the rectification order. Consequently, the Court declared the rectification order as without jurisdiction and did not award costs for the reference. Case-Laws Income Tax Sat, 16 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28560