Can we do 154 for 143(3) rws 144C(1) For AY 20-21 done on 25.3.2022

Hey Elizabeth! Let me break down your question:

You want to know if you can file a Section 154 rectification for an assessment made under Section 143(3) read with Section 144C(1) for AY 2020-21, where the assessment was done on 25.03.2022.

Quick explanation:

• Section 154 of the Income Tax Act allows the Assessing Officer (AO) to rectify any mistake apparent from the record.

• Section 143(3) is the regular assessment process.

• Section 144C(1) relates to assessments framed following the Dispute Resolution Panel (DRP) directions.

Can you file a 154 for 143(3) read with 144C(1)?

• Yes, Section 154 applies to any order passed by the AO, including orders passed under 143(3) read with 144C(1).

• If there is a mistake apparent from the record in the order passed on 25.03.2022 for AY 20-21, you can file a rectification application under Section 154.

• This rectification can be filed within 4 years from the end of the financial year in which the order sought to be amended was passed.

  • Since the order was passed in FY 2021-22 (March 2022), you have time till 31.03.2026.

Important points:

• The mistake should be apparent from the record — i.e., a clear, obvious error like a mathematical mistake, wrong addition/subtraction, or clerical error.

• It cannot be used to reopen the assessment or change the decision on merits.

• The AO will verify and either accept or reject the rectification request.

Summary:
You can file a rectification under Section 154 for an order passed under Section 143(3) read with 144C(1) for AY 20-21 done on 25.03.2022, provided the mistake is apparent from the record.