Time limit of passing rectification order u/s154
This query is : Resolved
Prabesh Agarwal
(Querist)
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
Prabesh Agarwal
(Querist)
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Urd purchase entry in tally prime
- GSTR-9C filing
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
