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of <h1>AO may amend Section 168 intimation within one year to correct apparent mistakes, with notice and hearing if liability increases</h1> An Assessing Officer may, within one year from the end of the financial year in which an intimation under section 168 was issued, amend that intimation to rectify any mistake apparent from the record, either suo motu or on receipt of notice from the assessee or e-commerce operator. Where the amendment would increase liability or reduce a refund, the Assessing Officer must give notice of the proposed change and a reasonable opportunity to be heard before making the amendment; if it enhances sums payable or reduces refunds, the Assessing Officer shall issue an order specifying the amount and apply the Chapter's provisions accordingly.
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