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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rule 117C Empowers Tax Recovery Officers to Rectify Assessing Officer's Mistakes u/s 154 of Income-tax Rules.</h1> The Income-tax (Eleventh Amendment) Rules, 2007 introduces Rule 117C to the Income-tax Rules, 1962. This rule authorizes the Chief Commissioner or Commissioner to permit a Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer under section 154. This is specifically for rectifying any mistake apparent from the record in an order passed by the Assessing Officer, which results in a payable sum. The Tax Recovery Officer, upon authorization, will perform these functions concurrently with the Assessing Officer. The amendment took effect upon its publication in the Official Gazette.
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