Case Law Details
Case Name : Jay Limbach Co. Op. Credit Society Ltd Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Ahmedabad
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Jay Limbach Co. Op. Credit Society Ltd Vs ITO (ITAT Ahmedabad)
The case of Jay Limbach Co. Op. Credit Society Ltd vs. Income Tax Officer (ITAT Ahmedabad) revolves around the rejection of rectification applications filed by the assessee under Section 154 of the Income Tax Act, 1961, concerning the Assessment Years (AY) 2010-11 to 2013-14. The key issue in contention was the rejection of the rectification applications by the Assessing Officer and subsequently upheld by the Commissioner of Income-tax (Appeals) [CIT(A)], primarily on the grounds of being time-barred.
The assesse
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Author Bio
Time limit for disposal of rectification petition should be fixed at 30days and till that time automatic stay should be granted for collection of taxes. Likewise for filing appeals also the time should be extended i e 30 days from the date of rectification order.