https://www.taxtmi.com/caselaws?id=440801 The appellate tribunal allowed the assessee's appeals and dismissed the Revenue's appeals. It held that the rectification order by the AO under section 154 was time-barred and invalid. The tribunal ruled that interest under sections 234B and 234C could not be charged retrospectively, as the law at the relevant time followed the Karnataka High Court's judgment, not the later Supreme Court ruling in Rolta India Ltd. en-us Fri, 02 Dec 2022 00:00:00 +0530 Tue, 25 Jul 2023 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440801 The appellate tribunal allowed the assessee's appeals and dismissed the Revenue's appeals. It held that the rectification order by the AO under section 154 was time-barred and invalid. The tribunal ruled that interest under sections 234B and 234C could not be charged retrospectively, as the law at the relevant time followed the Karnataka High Court's judgment, not the later Supreme Court ruling in Rolta India Ltd. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440801