https://www.taxtmi.com/highlights?id=94101 The HC held that the AO cannot, by invoking s.154, effect rectification beyond the scope of the s.263 direction and cannot revisit a deduction under s.80IA which was neither the subject-matter of the s.263 proceedings nor of the appeal. Two assessment orders exist: the original order dated 10.02.2005 and the s.263 order dated 20.10.2011. The impugned rectification purportedly altering the 10.02.2005 assessment is time-barred because limitation under s.154(7) runs from 10.02.2005. The rectification order dated 28.03.2012 is therefore barred by limitation, and the ITAT's conclusion computing limitation from the original assessment was upheld. en-us Wed, 12 Nov 2025 08:17:49 +0530 Wed, 12 Nov 2025 08:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94101 The HC held that the AO cannot, by invoking s.154, effect rectification beyond the scope of the s.263 direction and cannot revisit a deduction under s.80IA which was neither the subject-matter of the s.263 proceedings nor of the appeal. Two assessment orders exist: the original order dated 10.02.2005 and the s.263 order dated 20.10.2011. The impugned rectification purportedly altering the 10.02.2005 assessment is time-barred because limitation under s.154(7) runs from 10.02.2005. The rectification order dated 28.03.2012 is therefore barred by limitation, and the ITAT's conclusion computing limitation from the original assessment was upheld. Highlights Income Tax Wed, 12 Nov 2025 08:17:49 +0530 https://www.taxtmi.com/highlights?id=94101