Time limit of passing rectification order u/s154

This query is : Resolved

Prabesh Agarwal (Querist)
Follow

26 June 2012 As per section 154 rectification order has to be passsed allowing the amendment or rejecting the claim within months from the end of the month in which rectification application was filed...what are the consequences if the same is not passed within the time limit.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

27 June 2012 Order u/s 154 has to be passed within 6 months from the end of the month in which the application is made.

If the order is not passed within 6 months, it shall be deemed that the order has been passed in favour of the assessee.

Message likes : 1 times

Prabesh Agarwal

Prabesh Agarwal (Querist)
Follow

11 September 2012 What if the rectification prtition under section 154 conatined any error...like calculation of tax etc...in such case what is the consequence if not rectified within time limit....i mean in rectification application mistake has been indicated but proper solution could not be bought to notice...?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Hanuma Yanduri

Jai Solanki

George Innocent

Ravikumar

sandhya.v

Subscribe Now

Time limit of passing rectification order u/s154

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

CA Final

Senior Executive

Manager- Finance and Compliance

Accountant