Upon receipt of the order under S. \u00a0143(1)\u00a0of the\u00a0 tax\u00a0the asessee filed rectification application\u00a0 for set off\u00a0 brought forward losses .The Department raised demands for the assessment years 2012-13 and 2013-14. The assessee submitted that according to the information downloaded from the Department\u2019s website the rectification application was forwarded to the jurisdictional Assessing Officer but no action had been taken. On a writ the Court held that\u00a0 the records revealed the pendency of the rectification application which stood transferred to the jurisdictional Assessing Officer. The grievance of the assessee could be vindicated by issuing directions to the Department to take a call on the rectification application and to decide it within a period of 45 days. Till then, the demands raised were to be kept in abeyance. The assessee would be at liberty to assail the outcome of the decision of the rectification petition if he so chose.( AY.2012-13, 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 225 : Collection and recovery – Stay of proceedings -Pendency of rectification application- Demands raised when application for rectification pending before jurisdictional Assessing Officer \u2014 Demand stayed till the disposal of rectification application [ S. 143(1), 154 , Art . 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12726","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3jg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12726"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12726\/revisions"}],"predecessor-version":[{"id":18908,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12726\/revisions\/18908"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}