https://www.taxtmi.com/caselaws?id=447015 The ITAT Jodhpur quashed an order passed under section 154 of the Income Tax Act, ruling that the Assessing Officer incorrectly used rectification provisions to reconsider a section 54F exemption claim that had already been examined during original assessment proceedings under section 143(3). The tribunal held that section 154 does not permit review of decisions already considered on merit, as the assessee's claim was duly reflected in the return and properly addressed through order sheet entries in 2015. The rectification order dated 13.06.2018 was deemed bad in law, and the assessee's ground was allowed. en-us Mon, 09 Oct 2023 00:00:00 +0530 Sat, 16 Dec 2023 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447015 The ITAT Jodhpur quashed an order passed under section 154 of the Income Tax Act, ruling that the Assessing Officer incorrectly used rectification provisions to reconsider a section 54F exemption claim that had already been examined during original assessment proceedings under section 143(3). The tribunal held that section 154 does not permit review of decisions already considered on merit, as the assessee's claim was duly reflected in the return and properly addressed through order sheet entries in 2015. The rectification order dated 13.06.2018 was deemed bad in law, and the assessee's ground was allowed. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447015