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1 - 10 of 13 (1.48 seconds)Section 251 in The Income Tax Act, 1961 [Entire Act]
Section 115JA in The Income Tax Act, 1961 [Entire Act]
Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 263 in The Income Tax Act, 1961 [Entire Act]
Section 234C in The Income Tax Act, 1961 [Entire Act]
Section 234B in The Income Tax Act, 1961 [Entire Act]
M/S. Hind Wire Industries Ltd vs The Commissioner Of Income Tax, West ... on 20 January, 1995
5. The submission of the L.d A.r that the order has been passed
beyond the statutory period of limitation of 4 years has no merit. In the
case under consideration the order sought to be amended was passed
on 18.02.2005, which is within the time limit specified in sub section 7
of section 154 of the act. Moreover this issue has been settled by the
Supreme Court in the case of Hind Wire Industries Ltd vs CIT 212 ITR
639(S.C), where it has been held that the limitation under section
154(7) for rectification within four years from the order sought to be
amended does not qualify from the original order as "order" in section
154(7) does not mean original order. It could mean any order
including an amended or rectified order. Further non charging of tax
ITA No.341/Kol/2010-B-JM
M/s.Shree Hanuman Sugar & 7
Industries Limited
under 115JA was a clear mistake in the order of the A.O as he was
duty bound to compute tax as per the provision laid down u/s. 115JA of
the Act. Considering above the ground no 1 & 2 taken by the appellant
is dismissed."