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>Clause 104: Correcting Mistakes in Commodities Transaction Tax Orders with One-Year Amendment Window and Hearing Rights.</h1> Clause 104 of the Finance Bill, 2008, addresses the rectification of mistakes in orders related to the Commodities Transaction Tax. The Assessing Officer is authorized to amend any order to correct apparent mistakes within one year of the financial year in which the order was passed. Amendments can be initiated by the officer or upon notice by the assessee, except for matters already decided in appeals. Amendments increasing tax liability require prior notice and a hearing opportunity for the assessee. Amendments must be documented in writing and can result in either a refund or additional payment by the assessee, with applicable provisions enforced.
TaxTMI 
TaxTMI 
