https://www.taxtmi.com/caselaws?id=449898 Delhi HC quashed rectification orders rejecting taxpayer's applications solely on grounds that no appeal was filed against original assessment orders. Court found jurisdictional AO improperly disposed of rectification applications pending since 2021 without proper consideration under Section 154. Matter remitted to AO for fresh consideration of rectification applications. Court declined to lift garnishee notices for INR 17,16,85,384 tax demand but permitted taxpayer to approach AO for modification with 20% security proposal. AO directed to dispose of rectification applications and garnishee notice modification requests within one week. en-us Fri, 16 Feb 2024 00:00:00 +0530 Thu, 22 Feb 2024 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449898 Delhi HC quashed rectification orders rejecting taxpayer's applications solely on grounds that no appeal was filed against original assessment orders. Court found jurisdictional AO improperly disposed of rectification applications pending since 2021 without proper consideration under Section 154. Matter remitted to AO for fresh consideration of rectification applications. Court declined to lift garnishee notices for INR 17,16,85,384 tax demand but permitted taxpayer to approach AO for modification with 20% security proposal. AO directed to dispose of rectification applications and garnishee notice modification requests within one week. Case-Laws Income Tax Fri, 16 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449898