Dismissing the petition, the Court held that the right course to be adopted by the assessee was to file a rectification petition under section 154. The writ petition was devoid of merits. The assessee was granted liberty to file a rectification petition before the authority concerned under section 154. (AY.2017-18) (SJ)
N. Periyasamy v. CIT (2025) 483 ITR 779 (Mad)(HC)
S. 143(3): Assessment-Sale proceeds of agricultural land partly invested in purchasing a house site and balance deposited in bank-Alternative remedy-Appeal pending before CIT(A)-Rectification application-Writ petition dismissed.[S. 154, 156,246A, Art. 226]
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