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2008 (8) TMI 336 - UTTARAKHAND HIGH COURTInterpretation of section 142A - Estimate by Valuation Officer in certain cases - appellant submitted that the Income-tax Appellate Tribunal has erred in law in rejecting the application for rectification moved by it before said authority. It is further pointed out that section 142A of the Act was made applicable with effect from November 15, 1972. – Held that - the proviso contained in section 142A of the Act excludes those assessments from the purview of the section which were concluded before September 30, 2004. Had the Revenue filed appeal in the High Court against the order passed by the Income-tax Appellate Tribunal on March 22, 2004, it could have been said that the assessment has yet not been finalized. - In such circumstances, it cannot be said that the ITAT has committed any error of law in rejecting the application for rectification moved by the Revenue/appellant particularly when no mistake is shown to have been committed.
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