{"id":28192,"date":"2022-07-07T16:37:50","date_gmt":"2022-07-07T11:07:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lakshmi-mills-co-ltd-v-acit-2022-441-itr-594-mad-hc\/"},"modified":"2022-07-07T16:37:50","modified_gmt":"2022-07-07T11:07:50","slug":"lakshmi-mills-co-ltd-v-acit-2022-441-itr-594-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lakshmi-mills-co-ltd-v-acit-2022-441-itr-594-mad-hc\/","title":{"rendered":"Lakshmi Mills Co. Ltd. v. ACIT (2022) 441 ITR 594 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing\u00a0 the appeal the Court held that an order contrary to law declared by the Supreme Court\u00a0 in\u00a0 Ipca Laboratory Ltd. v. Dy.CIT (2004) 266 ITR 521 (SC) would constitute an error apparent on the face of the record. Therefore, the order passed by the Assessing Officer exercising his jurisdiction conferred under section\u00a0154\u00a0as affirmed by the appellate authorities did not warrant interference<em>. <\/em>(AY.2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 154 : Rectification of mistake-Setting Off of  unabsorbed losses of  earlier years-Rectification of  order in  accordance with supreme court ruling-Law laid down by Supreme Court binding. [S. 80HHC]  <\/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-28192","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7kI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28192","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=28192"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28192\/revisions"}],"predecessor-version":[{"id":28193,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28192\/revisions\/28193"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}