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TMI BlogRectification of mistakeX X X X Extracts X X X X X X X X Extracts X X X X ..... ch order may, notwithstanding anything contained in any law for the time being in force, amend the order under that sub-section in relation to any matter other than the matter which has been so considered and decided.] (2) Subject to the other provisions of this section, the authority concerned- (a) may make an amendment under sub-section (1) of its own motion, and (b) shall make such amendment for rectifying any such mistake which has been brought to its notice 13[by the assessee or by the deductor] 19[or by the collector ], and where the authority concerned is 24[the Joint Commissioner (Appeals) or the Commissioner (Appeals)], by the 6[Assessing] Officer also. 7[* * *] (3) An amendment, which has the effect of enhancing an assessme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... financial year in which the order sought to be amended was passed.] 11[(8) Without prejudice to the provisions of sub-section (7), where an application for amendment under this section is made 17[by the assessee or by the deductor] 23[or by the collector ]on or after the 1st day of June, 2001 to an income-tax authority referred to in sub-section (1), the authority shall pass an order, within a period of six months from the end of the month in which the application is received by it,- (a) making the amendment; or (b) refusing to allow the claim.] ----------------------------- Notes :- 1. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989. Prior to its substitution, sub-section (1) was amended by the Direct Taxe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubstituted for "from the date of the order sought to be amended" by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984. 11. Inserted by the Finance Act, 2001, w.e.f. 1-6-2001. 12. Inserted vide Finance Act, 2012, w.e.f. 01-07-2012. 13. Substituted vide Finance Act, 2012, w.e.f. 01-07-2012., before it was read as:- "by the assessee", 14. Substituted vide Finance Act, 2012, w.e.f. 01-07-2012., before it was read as:- "the assessee" 15. Substituted vide Finance Act, 2012, w.e.f. 01-07-2012., before it was read as:- "(5) Subject to the provisions of section 241, where any such amendment has the effect of reducing the assessment, the 8[Assessing] Officers shall make any refund which may be due to such as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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