Board's authorisation for taking action under section 154 beyond time limit specified under section 154(7) in cases where valid application has been filed under section 154(2)(b) but was not disposed of within the said time limit - Order under section 119(2)(a)
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Rectification under section 154: authorities may dispose belatedly where a valid application was filed but not timely decided. The Central Board of Direct Taxes orders that where a valid application under the rectification provisions was filed by the assessee within the statutory ... Summary
Rectification under section 154: authorities may dispose belatedly where a valid application was filed but not timely decided.
The Central Board of Direct Taxes orders that where a valid application under the rectification provisions was filed by the assessee within the statutory time limit but was not disposed of by the authority within the prescribed period, that authority may dispose of the application after the expiry of the statutory time limit, on merits and in accordance with law.
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