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2010 (10) TMI 254 - ITAT, BANGALORERectification of mistake - subsidy received was deducted from the value of plant and machinery of cold storage unit - Condonation of delay in rectification application - AO contended that application u/s 154 was barred by limitation - The assessee’s sole reasoning was being ‘ignorance of law’ - As a matter of fact the Legislature was very magnanimous and considerate in its wisdom to prescribe four long years time for seeking any rectification in the earlier order passed - decided in favor of revenue.
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