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2008 (2) TMI 354 - HC - Income TaxWrit Petition filed seeking to quash the orders passed by the respondents u/s 154 and 264 as they deny the petitioner’s right to set-off unabsorbed depreciation – power of IT Officer to amend the assessment in consequence of decision in an appeal, revision, reference or by HC or the SC was not traceable to s. 154 but was inherent and traceable to s. 143 & 144 – so limitation contained in s. 154(7) would not apply to passing of such an order – petition allowed
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