Rectification Under Section 154 of Income Tax Act,1961

• June 11, 2020
• CA Chandan Agarwal's Office

Hello readers, we all understand rectification just as correction in any order passed by Income tax authority concerned so let’s review every clause of section 154 in detail with relevant judgement and my significant findings to it.

Now you can first read the extract of Act in Bold Italic and its explanation thereafter below:

(1) With a view to rectify any mistake apparent from record an Income Tax Authority referred under section 116 may

(a) Amend any order passed by it

(b) Amend intimation or deemed intimation under section 143(1)

(c) Amend intimation under section 200A(1)

(d)  Amend any intimation under sub-section (1) of section 206CB.

Read on me: https://taxguru.in/income-tax/rectification-section-154-income-tax-act1961.html