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of <h1>Section 17 of the Interest-tax Act, 1974: Rectification of Mistakes in Orders Within Four Years, Hearing Required for Increased Liability.</h1> Section 17 of the Interest-tax Act, 1974, allows for the rectification of mistakes apparent from the record by the Commissioner, the Assessing Officer, the Commissioner (Appeals), and the Appellate Tribunal. They can amend any order within four years from the end of the financial year in which the order was passed, either on their own or upon application by the assessee. Amendments that increase the assessee's liability require prior notice and a hearing opportunity for the assessee. Amendments must be documented in writing, and any changes affecting assessments or refunds necessitate appropriate adjustments, including issuing a notice of demand if the assessment is enhanced.
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