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>Amendment to Section 245D of Income-tax Act: Settlement Commission Can Rectify Mistakes in Orders Within Six Months</h1> Clause 58 of the Finance Bill, 2015 proposes an amendment to section 245D of the Income-tax Act, specifically sub-section (6B). The amendment allows the Settlement Commission to rectify any apparent mistake in an order within six months from the end of the month in which the order was passed. Additionally, rectification can occur within six months from the end of the month in which an application for rectification is made by the Principal Commissioner, Commissioner, or applicant. The amendment ensures that any changes affecting the applicant's liability require prior notice and an opportunity for a hearing. This amendment is effective from June 1, 2015.
TaxTMI 
TaxTMI 
