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>Income Tax authorities can rectify apparent mistakes in orders under Section 154 within four years</h1> Section 154 of the Income Tax Act, 1961 empowers income tax authorities to rectify apparent mistakes in their orders, intimations, or deemed intimations. Authorities may amend orders on their own motion or upon request by taxpayers, deductors, or collectors. For amendments increasing liability, prior notice and hearing opportunity must be provided. Amendments reducing liability result in refunds, while those increasing liability trigger demand notices. The provision includes a four-year limitation period from the financial year end when the original order was passed. Applications must be decided within six months of receipt.
TaxTMI 
TaxTMI 
