https://www.taxtmi.com/caselaws?id=440295 The court upheld the Income Tax Settlement Commission's decision to reject a rectification application filed beyond the statutory limitation period under Section 245D(6B) of the Income Tax Act 1961. The court emphasized that the recording of consent in the settlement order was conclusive and could only be corrected for clear errors or injustices. The Commission's exclusion of time spent on a writ petition from the limitation period calculation was deemed appropriate. The court dismissed the petition, questioning whether the alleged mistake in consent recording was rectifiable under the circumstances. en-us Mon, 10 Jul 2023 00:00:00 +0530 Thu, 19 Feb 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440295 The court upheld the Income Tax Settlement Commission's decision to reject a rectification application filed beyond the statutory limitation period under Section 245D(6B) of the Income Tax Act 1961. The court emphasized that the recording of consent in the settlement order was conclusive and could only be corrected for clear errors or injustices. The Commission's exclusion of time spent on a writ petition from the limitation period calculation was deemed appropriate. The court dismissed the petition, questioning whether the alleged mistake in consent recording was rectifiable under the circumstances. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440295