Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Assessing Officer Can Correct Mistakes in Intimations Under Section 169 of Finance Act 2016 Within One Year</h1> Under Section 169 of the Finance Act, 2016, the Assessing Officer can rectify any apparent mistake in an intimation issued under Section 168 within one year from the end of the financial year in which the intimation was issued. Amendments can be made either on the officer's initiative or upon notification by the assessee or e-commerce operator. Before amending an intimation that increases liability or reduces refunds, the officer must notify the concerned party and provide an opportunity to be heard. If the amendment increases the amount payable or reduces a refund, an order specifying the new amount will be issued.