Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Authorities Must Correct Errors Favoring Assessees, Even Beyond Time Limits, per CBDT Directive u/s 119(2)(a).</h1> Errors identified by internal or revenue audit parties that favor assessees must be rectified by the relevant authorities. The Central Board of Direct Taxes, under the authority of Section 119(2)(a) of the Income Tax Act, 1961, mandates that once such errors are accepted as final by the department, they should be corrected even if it requires action beyond the period specified in Section 154(7). This directive ensures that errors benefiting assessees are addressed appropriately and promptly by the authorities.
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