Section 154 of Income Tax Act: Rectification not allowed for changes due to superior court's legal decision reversal.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Rectification u/s 154 - the decision on a question of law on which the judgement is based has been reversed or modified by any subsequent decision of a superior court cannot be a ground for exercise of power under section 154 of the Income Tax Act. - HC....
TaxTMI