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of <h1>Clause 287: Correcting Tax Assessment Errors; Amendments, Notifications, and Limitations Explained for Income Tax Bill 2025.</h1> Clause 287 of the Income Tax Bill, 2025, outlines the procedure for rectifying mistakes in tax assessments. An income-tax authority can amend orders or intimations to correct apparent mistakes, except those decided in appeals or revisions. Amendments can be initiated by the authority or upon notification by the assessee, deductor, collector, or Assessing Officer. Enhancements to assessments or liabilities require prior notice and a hearing opportunity. Amendments must be documented in writing, with refunds issued for reduced liabilities. Amendments increasing liabilities necessitate a demand notice. No amendments are allowed after four years, with decisions on amendments due within six months of application receipt.
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