https://www.taxtmi.com/caselaws?id=757420 Delhi HC quashed a rectification order under Section 154 of the Income Tax Act. The original reassessment order under Section 148 had been previously quashed for non-compliance with Section 149(1)(b) requirements regarding minimum escaped income threshold of Rs. 50 lakhs. The Assessing Officer attempted rectification despite the original order being quashed. HC held that once an order is quashed by prerogative writ, it ceases to exist in law and cannot be rectified under Section 154. The power of rectification requires an existing valid order, which was absent after quashing. Writ petition allowed. en-us Fri, 02 Aug 2024 00:00:00 +0530 Fri, 23 Aug 2024 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757420 Delhi HC quashed a rectification order under Section 154 of the Income Tax Act. The original reassessment order under Section 148 had been previously quashed for non-compliance with Section 149(1)(b) requirements regarding minimum escaped income threshold of Rs. 50 lakhs. The Assessing Officer attempted rectification despite the original order being quashed. HC held that once an order is quashed by prerogative writ, it ceases to exist in law and cannot be rectified under Section 154. The power of rectification requires an existing valid order, which was absent after quashing. Writ petition allowed. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757420