03 October 2009
oppurtunity of being heard should be given to assessee before rejecting application made by assessee u/s 154 of income tax act- please state whether there is an express provission or section in support of above
03 October 2009
An opportunity shall necessarily be given if the rectification has an effect to enhance an assessment or reducing a refund or otherwise increasing the liability of the assessee. In other cases ,covered under section 154, the act does not have provision to give an opportunity of being heard.
CAclubindia
