Period of 154 application
This query is : Resolved
03 July 2012
is any period is define to fill rectification application U/S 154?
Regards,
Piyush
Regards,
Piyush
03 July 2012
No time limit has been prescribed for filing a rectification application u/s 154.
Section 154 only provides the time limit for passing an order u/s 154. The order cannot be passed after 4 years from the end of the financial year in which the ordr sought to be rectified was passed.
Accordingly, the same time period will apply for making an application and application can be made at any time within 4 years.
Section 154 only provides the time limit for passing an order u/s 154. The order cannot be passed after 4 years from the end of the financial year in which the ordr sought to be rectified was passed.
Accordingly, the same time period will apply for making an application and application can be made at any time within 4 years.
03 July 2012
No amendment under section 154 shall be made after the expiry of four years from the end of the financial year in which the order sought to be amended was passed.
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