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of <h1>Income-tax Act Section 154 amended to allow rectification of apparent mistakes; timeframe now starts from financial year's end.</h1> Section 154 of the Income-tax Act, 1961, was amended by the Taxation Laws (Amendment) Act, 1984, effective October 1, 1984. The amendment replaced sub-section (1) to allow income-tax authorities to rectify any apparent mistakes in orders they have passed under the Act. Additionally, sub-section (7) was modified to change the time frame for amendments, specifying that the period begins from the end of the financial year in which the order was passed, rather than from the date of the original order.
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