https://www.taxtmi.com/caselaws?id=38722 The court held that the rectification order withdrawing development rebate was time-barred as it exceeded the four-year limit under section 154, rejecting the department's argument that the time limit should be counted from the order under section 148. The court emphasized that a section 148 order is distinct and does not merge with the original assessment, limiting its scope to escaped income only. Consequently, the court quashed the rectification order and demand notice, ruling in favor of the petitioner and awarding costs. en-us Wed, 02 Feb 1972 00:00:00 +0530 Thu, 08 Apr 2010 15:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38722 The court held that the rectification order withdrawing development rebate was time-barred as it exceeded the four-year limit under section 154, rejecting the department's argument that the time limit should be counted from the order under section 148. The court emphasized that a section 148 order is distinct and does not merge with the original assessment, limiting its scope to escaped income only. Consequently, the court quashed the rectification order and demand notice, ruling in favor of the petitioner and awarding costs. Case-Laws Income Tax Wed, 02 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38722