Ratification application under section154 of cannot be termed as Time-Barred If Taxpayer Responded to Notice issued under Act: ITAT [Read Order]
While allowing the appeal, the ITAT restored the issue to the Assessing Officer to consider the application of the assessee filed under section 154 of the Act afresh.
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that ratification application under section 154 of the Income Tax Act,1961 cannot be termed as time-barred if the taxpayer responded to notice issued under section 143 of the act. Shree Jay Limbach Co. Op. Credit Society Ltd, the assessee is a Co-operative…
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