https://www.taxtmi.com/caselaws?id=767731 The Tribunal addressed the issue of whether the rectification application filed by the assessee, a charitable trust, under Section 154 of the Income Tax Act, 1961, was validly rejected as time-barred. The Tribunal found that the initial application filed on 26.05.2016 was within the four-year limitation period, as evidenced by a computer-generated acknowledgment receipt. The Tribunal concluded that the subsequent rejection of the application on 14.12.2022 was unjust due to the Assessing Officer's inaction on the original application. The case was remanded to the Jurisdictional Assessing Officer to consider the rectification application, ensuring the assessee receives a hearing. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 24 Mar 2025 08:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767731 The Tribunal addressed the issue of whether the rectification application filed by the assessee, a charitable trust, under Section 154 of the Income Tax Act, 1961, was validly rejected as time-barred. The Tribunal found that the initial application filed on 26.05.2016 was within the four-year limitation period, as evidenced by a computer-generated acknowledgment receipt. The Tribunal concluded that the subsequent rejection of the application on 14.12.2022 was unjust due to the Assessing Officer's inaction on the original application. The case was remanded to the Jurisdictional Assessing Officer to consider the rectification application, ensuring the assessee receives a hearing. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767731