Section 154 Rectification Invalid for Orders Passed Under Vivad Se Vishwas Act: Delhi HC

Gail (India) Limited Vs ACIT (Delhi High Court) The Delhi High Court considered a writ petition challenging an order dated 05.01.2026 passed by the Assessing Officer under Section 154 of the Income Tax Act, 1961. The petitioner argued that the impugned order, purportedly issued in exercise of rectification powers under Section 154, was without jurisdiction and illegal. The petitioner submitted that the rectification order sought to alter an earlier order dated 01.11.2021 issued by the Principal Commissioner of Income Tax under Section 5(2) of the Direct Tax Vivad se Vishwas Act, 2020. It was c...