Time limit of passing rectification order u/s154
This query is : Resolved
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.
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.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
