https://www.taxtmi.com/highlights?id=65177 Rectification of mistake u/s 154 - period of limitation - intimation or deemed intimation u/s 143(1) - If we read that the limitation provided under section 154(7) is not be available in the case of passing of any intimation to rectify the order, then chaos would happen , and unlimited power would be available to the Assessing Officer/CPC to rectify the mistake even after the lapse of 4 years. In the light of the above, we are of the opinion that limitation for rectification under 154(7) is 4 years even for intimation also. - AT en-us Sat, 20 Aug 2022 09:53:31 +0530 Sat, 20 Aug 2022 09:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65177 Rectification of mistake u/s 154 - period of limitation - intimation or deemed intimation u/s 143(1) - If we read that the limitation provided under section 154(7) is not be available in the case of passing of any intimation to rectify the order, then chaos would happen , and unlimited power would be available to the Assessing Officer/CPC to rectify the mistake even after the lapse of 4 years. In the light of the above, we are of the opinion that limitation for rectification under 154(7) is 4 years even for intimation also. - AT Highlights Income Tax Sat, 20 Aug 2022 09:53:31 +0530 https://www.taxtmi.com/highlights?id=65177