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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Rectification of mistake - mistake in charging interest - error ...


Interest Charging Errors Correctable u/s 154 of Income Tax Act; Authorities Can Adjust Interest Variations.

June 29, 2018

Case Laws     Income Tax     HC

Rectification of mistake - mistake in charging interest - error apparent on the face of record- there can be variation in charging interest, and such variation can be effected through correction u/s 154 of the Act. - it is always open for the authorities to rectify that mistake.

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