Authorization to rectify disputed arrear demands allows assessing officers to correct figures and refund excess. Assessing Officers are authorized under the Board's exercise of powers to rectify or reconcile disputed arrear demand figures on merits notwithstanding the expiry of the four year limitation under section 154(7). Where CPC has adjusted refunds based on inaccurate AO uploaded arrear figures, the AO must verify claims, refund any excess, and upload amended figures to the Financial Accounting System; in all other disputed cases the AO must verify and correct arrear figures in records and on the CPC portal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Authorization to rectify disputed arrear demands allows assessing officers to correct figures and refund excess.
Assessing Officers are authorized under the Board's exercise of powers to rectify or reconcile disputed arrear demand figures on merits notwithstanding the expiry of the four year limitation under section 154(7). Where CPC has adjusted refunds based on inaccurate AO uploaded arrear figures, the AO must verify claims, refund any excess, and upload amended figures to the Financial Accounting System; in all other disputed cases the AO must verify and correct arrear figures in records and on the CPC portal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
