Rectification of 147 order
This query is : Resolved
Divyesh Ajmera
(Querist)
31 January 2025
The assessee is in appeal before ITAT against the CIT(A) order under Section 250, which pertains to an assessment order issued under Section 147.
While the appeal is pending before ITAT , the Assessing Officer (AO) issued a show cause notice under Section 154 to rectify an alleged error in tax calculation in the Section 147 order.
Then AO has power to rectify assessment order while we are in appeal against CIT(A) order under section 250 based on Assessment order under section 147 ?
While the appeal is pending before ITAT , the Assessing Officer (AO) issued a show cause notice under Section 154 to rectify an alleged error in tax calculation in the Section 147 order.
Then AO has power to rectify assessment order while we are in appeal against CIT(A) order under section 250 based on Assessment order under section 147 ?
CA R SEETHARAMAN
(Expert)
01 February 2025
Error in tax calculation can be rectified by AO any time.
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