https://www.taxtmi.com/highlights?id=76273 Rectification u/s 154 application rejected as being time barred - The Appellate Tribunal agreed with the assessee's contention that the rectification application was not time-barred. It held that the clock for the four-year limitation period starts only when the assessee is in receipt of the order to be rectified. Since there was no evidence that the intimation under Section 143(1) was served on the assessee, the limitation period did not begin, and the application was well within the stipulated time. en-us Tue, 02 Apr 2024 08:40:17 +0530 Tue, 02 Apr 2024 08:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76273 Rectification u/s 154 application rejected as being time barred - The Appellate Tribunal agreed with the assessee's contention that the rectification application was not time-barred. It held that the clock for the four-year limitation period starts only when the assessee is in receipt of the order to be rectified. Since there was no evidence that the intimation under Section 143(1) was served on the assessee, the limitation period did not begin, and the application was well within the stipulated time. Highlights Income Tax Tue, 02 Apr 2024 08:40:17 +0530 https://www.taxtmi.com/highlights?id=76273