Rectification of order passed u/s 144 of it act possible?

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..... Rectification of order passed u/s 144 of it act possible?
Query (Issue) Started By: - Utkarsh Lohia Dated:- 17-1-2018 Last Reply Date:- 22-2-2018 Income Tax
Got 2 Replies
Income Tax
The case of the Assessee was selected for scrutiny u/s 143(3) and Assessee did not received any notice of assessement and intimation isuued by the AO due to shifting of residence address. The AO issued a s .....

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..... how cause notice which was also not received by the assessee and due to no response from the assessee the AO completed the assessment u/s 144 of the IT Act (BEst Judgement Assessemnet) disallowing exemption claimed by the assessee u/s 54 for selling and buying new house due to lack of documents of new house. So can this order be rectified u/s 154 by producing the purchase documents of the new hous .....

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..... e to the AO? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view you can file appeal before the Appellate Authority with the prayer to remand the case to the Adjudicating Authority for not receiving the show cause notice and other communications due to the shifting of your residential address. Reply By wig sinbad: The Reply: in terms of your query: 1. The Income Tax Act u/s 154 (1) (a) pr .....

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..... ovides the power to amend any order passed by an Income Tax Authority under the provisions of this act. orders have to be passed within the time limit provided u/s 154 (8) 2. Alternatively you can apply under section 264 to the Commisioner / Pr Commisioner. But there is no provision of appeal thereafter. The order is binding. 3. You can also appeal u/s 246A(1) (a) to the jurisdictional Commision .....

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..... er ( Appeals) and submit the evidence to him which you were unable to submit earlier to the Assessing Officer. I invite to peruse Rule 46A of the Income Tax Rules, 1962
Discussion Forum - Knowledge Sharing .....

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