U/s 154
This query is : Resolved
28 June 2012
DEAR SIR,
ORDER PASSED BY A.O U/S 143 (1), DEMAND RAISED BY DEPTT. I RECTIFY U/S 154, AFTER THAT I REALIZED THAT SOME MISTAKE WAS ALSO IN THEIR. CAN I RECTIFY AGAIN U/S 154 AFTER ORDER PASSED BY A.O. AGAINST U/S 154 - PLS. GUIDE ME IF ANSWER IS NO THEN WHAT ARE THE SOLUTION BEFORE ME FOR RECTIFY THE MISTAKE.
THANKS IN ADVANCE
ORDER PASSED BY A.O U/S 143 (1), DEMAND RAISED BY DEPTT. I RECTIFY U/S 154, AFTER THAT I REALIZED THAT SOME MISTAKE WAS ALSO IN THEIR. CAN I RECTIFY AGAIN U/S 154 AFTER ORDER PASSED BY A.O. AGAINST U/S 154 - PLS. GUIDE ME IF ANSWER IS NO THEN WHAT ARE THE SOLUTION BEFORE ME FOR RECTIFY THE MISTAKE.
THANKS IN ADVANCE
CA Manish Agrawal
(Expert)
29 June 2012
As per Sec 154 of the Income Tax Act 1961, AO can amend the Order passe by it under the provision of the act or intimation or deemed intimation under 143(1). Here in the given case you have got rectified previous intimation. Now rectified intimation or order is a fresh intimation or order therefore further rectification u/s 154 can be moved subject to the time limite prescribed u/s 154.
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CMA Nishad Patkar
(Expert)
30 June 2012
Yes You can rectify the origial order passed u/s 154(1) within 4 years from the date of first recificatory order.
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