https://www.taxtmi.com/caselaws?id=36099 The High Court held that the rectification order under section 154 of the Income Tax Act, 1961 was time-barred as it was passed more than four years after the original assessment order. The court also found that section 155(1) did not apply in this case. Consequently, the court ruled in favor of the assessee, determining that the action under section 155(1) was incompetent and the action under section 154 was time-barred. Costs were awarded to the assessee. en-us Mon, 04 Sep 1978 00:00:00 +0530 Fri, 19 Mar 2010 12:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36099 The High Court held that the rectification order under section 154 of the Income Tax Act, 1961 was time-barred as it was passed more than four years after the original assessment order. The court also found that section 155(1) did not apply in this case. Consequently, the court ruled in favor of the assessee, determining that the action under section 155(1) was incompetent and the action under section 154 was time-barred. Costs were awarded to the assessee. Case-Laws Income Tax Mon, 04 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36099