NO Section 154 rectification order can be passed after the expiry of 4 years from the date of order sought to be rectified

P.S. Jagdish Vs DCIT (ITAT Chennai) We noted that the return of income filed by the assessee was processed by CPC, Bengaluru and intimation u/s.143(1) of the Act was issued on 05.03.2012 (which is not disputed by Revenue). Admittedly, the AO passed rectification order on 20.06.2016. The claim of the assessee is that the rectification period i.e., limitation period expired on 31.03.2016 as per the provisions of Section 154(7) of the Act. We are of the view that when an order is rectified by an order of rectification u/s.154 of the Act, the time limit is to be reckoned as per the provisions of S...