Rectification of mistake u/s 154 - period of limitation - ...

Case Laws Income Tax

August 20, 2022

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

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Rectification of mistake u/s 154 - period of limitation - ...

Case Laws Income Tax

August 20, 2022

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