Rectification of mistake: tax authority may amend orders to correct apparent errors, subject to time limits and hearing rights. A tax authority may amend any order to rectify a mistake apparent from the record, on its own motion or on application by the assessee or Assessing Officer, subject to a time limit of four years from the end of the financial year in which the order was passed and a six-month decision deadline for amendment applications.
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Provisions expressly mentioned in the judgment/order text.
Rectification of mistake: tax authority may amend orders to correct apparent errors, subject to time limits and hearing rights.
A tax authority may amend any order to rectify a mistake apparent from the record, on its own motion or on application by the assessee or Assessing Officer, subject to a time limit of four years from the end of the financial year in which the order was passed and a six-month decision deadline for amendment applications.
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