https://www.taxtmi.com/caselaws?id=34943 The Court held that the limitation period for correcting errors under Section 154 of the Income Tax Act should be reckoned from the date of the latest order, the order passed by the CIT(A). It affirmed the Assessing Officer's inherent power to rectify computational errors, even if not subject to appeal, citing ITO v. M.K. Mohammad Kunhi. The Court upheld the doctrine of Merger, stating that the limitation period starts from the latest appellate order, as per Hind Wire Industries Limited v. CIT. The rectification order by the AO and CIT(A) was upheld, emphasizing the AO's jurisdiction and the doctrine of Merger. en-us Fri, 09 Oct 2009 00:00:00 +0530 Wed, 01 Sep 2010 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34943 The Court held that the limitation period for correcting errors under Section 154 of the Income Tax Act should be reckoned from the date of the latest order, the order passed by the CIT(A). It affirmed the Assessing Officer's inherent power to rectify computational errors, even if not subject to appeal, citing ITO v. M.K. Mohammad Kunhi. The Court upheld the doctrine of Merger, stating that the limitation period starts from the latest appellate order, as per Hind Wire Industries Limited v. CIT. The rectification order by the AO and CIT(A) was upheld, emphasizing the AO's jurisdiction and the doctrine of Merger. Case-Laws Income Tax Fri, 09 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34943