Time limit is 4 years from the end of FY in which the order is passed. And A.O has to pass the order within 6 months from the end of the month in which application from the assessee is received.
Suppose the order was passed on 15/7/2012 so from the end of the FY in which the order was passed -
- 31/3/2013
So the time limit of 4 years ends on
- 31/3/2017
Can assessee make an application on 5/2/2017 ?
Menu
Rectification of mistake Sec 154
Replies (1)
No rectification can be made after expiry of 4 years from the end of the financial year. The section states so - " No Amendment order shall be passed after the expiryof the said period. " Hence, the request will be ignored.
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
