Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (4) TMI 744 - ITAT RAIPURMaintainability of Rectification application u/s 154 - Period of limitation - application for requesting allowances of depreciation which has been disallowed by CPC 5 - HELD THAT:- As is discernible from the orders of the lower authorities the assessee had filed a rectification application u/s.154 on 31.01.2018 i.e. much after lapse of four years from the end of the financial year in which intimation u/s.143(1) of the Act dated 13.12.2010 was issued by the A.O. As the aforesaid application was filed by the assessee u/s.154 beyond the stipulated time period as provided in sub-section (7) of Section 154 of the Act, therefore, the same was rightly held by the A.O as not maintainable. No infirmity in the orders of the lower authorities who had rightly dismissed/sustained the dismissal of the application filed by the assessee u/s.154 of the Act uphold the same.
|