https://www.taxtmi.com/acts?id=48731 Rectification of apparent mistakes empowers an income-tax authority to amend its own orders, intimations or deemed intimations to correct errors apparent from the record, on its own motion or on application, limited to matters not decided in appeal or revision. Amendments increasing liability require notice and opportunity to be heard and must be made by written order. Where liability is reduced a refund is to be made; where liability is increased a prescribed demand notice is served. The power is time limited to four years from the end of the financial year of the order and authorities must decide amendment applications within six months from the end of the month of receipt. en-us Fri, 14 Feb 2025 11:11:39 +0530 Fri, 14 Feb 2025 11:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48731 Rectification of apparent mistakes empowers an income-tax authority to amend its own orders, intimations or deemed intimations to correct errors apparent from the record, on its own motion or on application, limited to matters not decided in appeal or revision. Amendments increasing liability require notice and opportunity to be heard and must be made by written order. Where liability is reduced a refund is to be made; where liability is increased a prescribed demand notice is served. The power is time limited to four years from the end of the financial year of the order and authorities must decide amendment applications within six months from the end of the month of receipt. Act-Rules Bills Fri, 14 Feb 2025 11:11:39 +0530 https://www.taxtmi.com/acts?id=48731