Time limit for amendment under section 154 requires authorities to decide rectification applications within prescribed six month period. An application under section 154 to rectify a mistake apparent from the record must be disposed of by the Income tax authority by either making the amendment or refusing it within the prescribed time limit of six months; the time limit is mandatory, Assessing Officers must strictly follow it, and supervisory officers must monitor compliance and initiate administrative action for failures to adhere.
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.
Time limit for amendment under section 154 requires authorities to decide rectification applications within prescribed six month period.
An application under section 154 to rectify a mistake apparent from the record must be disposed of by the Income tax authority by either making the amendment or refusing it within the prescribed time limit of six months; the time limit is mandatory, Assessing Officers must strictly follow it, and supervisory officers must monitor compliance and initiate administrative action for failures to adhere.
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