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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court Ruling Allows Rectification of Income Tax Errors u/s 154; Resubmissions Permitted Within Time Limit.</h1> A mistake arising from a subsequent Supreme Court interpretation is considered 'a mistake apparent from the records,' allowing rectification under section 35/154 of the 1922/1961 Income Tax Act. If an assessee submits an application under section 154 citing a Supreme Court decision that reveals an error in a completed assessment, it should be processed, provided it is timely and proper. Previously rejected applications can be resubmitted within the statutory time limit and treated equally with pending or new applications. The Board requests that any related appeals or references be withdrawn.
TaxTMI 
TaxTMI 
