https://www.taxtmi.com/circulars?id=8875 Where an error in favour of assessees is pointed out by internal or revenue audit parties and accepted by the department as final, authorities concerned must rectify the error even if the rectification falls beyond the statutory rectification period; departmental acceptance creates a duty on assessing authorities to amend assessments in favour of assessees notwithstanding the ordinary time-bar under the assessment rectification procedure. en-us Sun, 14 May 1972 00:00:00 +0530 Mon, 30 May 2011 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8875 Where an error in favour of assessees is pointed out by internal or revenue audit parties and accepted by the department as final, authorities concerned must rectify the error even if the rectification falls beyond the statutory rectification period; departmental acceptance creates a duty on assessing authorities to amend assessments in favour of assessees notwithstanding the ordinary time-bar under the assessment rectification procedure. Circulars Income Tax Sun, 14 May 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8875