https://www.taxtmi.com/caselaws?id=769028 Delhi HC held that proceedings under Section 154 of the Income Tax Act were barred by limitation as they were issued after four months from the reassessment order. The court found that amendment to Form ITNS-150 fell within Section 154(1)(a) scope, and no amendment could be made after four years from the order date. The court rejected the revenue's contention that correcting interest under Section 234A was a clerical error, noting the AO had deliberately determined zero interest under this section in the original assessment. The impugned order and demand notice were set aside as they exceeded the prescribed limitation period. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769028 Delhi HC held that proceedings under Section 154 of the Income Tax Act were barred by limitation as they were issued after four months from the reassessment order. The court found that amendment to Form ITNS-150 fell within Section 154(1)(a) scope, and no amendment could be made after four years from the order date. The court rejected the revenue's contention that correcting interest under Section 234A was a clerical error, noting the AO had deliberately determined zero interest under this section in the original assessment. The impugned order and demand notice were set aside as they exceeded the prescribed limitation period. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769028