1977 (1) TMI 13 - HC - Income Tax

Summary

The High Court of Calcutta addressed questions regarding the computation of the period of limitation under section 154 of the Income-tax Act, 1961. The court held that the period should be computed from the earlier orders of the Income-tax Officer, not the subsequent ones. The appeals were dismissed as the applications for rectification were deemed time-barred. The judgment favored the revenue.