TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clause 112 of Finance Bill 2013: Assessing Officers can rectify errors within a year, with notice for increased liabilities.</h1> Clause 112 of the Finance Bill, 2013, concerning the Commodities Transaction Tax, allows the Assessing Officer to rectify mistakes in any order within one year from the end of the financial year in which the order was passed. Rectification can be initiated by the officer or upon request by the assessee. Amendments that increase the assessee's liability require prior notice and an opportunity for the assessee to be heard. Any amendments made must be documented in writing, and adjustments in assessments or refunds will be processed accordingly.
TaxTMI 
TaxTMI 
