Rectification of mistake appearing from records

This query is : Resolved

anil lamboria (Querist)
Follow

26 November 2015 For AY 2006-07

For company assess:

As per scurrility Assessment order there was a demand of suppose Rs. 5,00,000/-, order was passed on suppose 05-12-2008.

further appeal is made to CIT(A) and CIT(A) granted refile in some items and there is suppose refund of Rs.1,50,000/-, the order of CIT(A) was supposed passed on 31-03-2010.

Now deppt. has made an error in calculating this refund determined by CIT(A) and as per Deppt. calculation there is refund of suppose 90,000/- only, and same was supposed received on 30-05-2010.

Now, can we make an rectification application for the same for refund of renaming amount to the Income tax Deppt as on today i.e. 26-11-2015. if yes under what section.

Plz help in this query.

CA RAKESH KUMAR THAKUR

CA RAKESH KUMAR THAKUR (Expert)
Follow

26 November 2015 Rectification u/s 154 can be done within expiry of 4 years from the end of the financial year in which order shout to be amended was passed. So in the given case. not possible to file rectification.

anil lamboria

anil lamboria (Querist)
Follow

26 November 2015 Is there any other option available for getting that additionl refund ?

Plz help in this regards

CA RAKESH KUMAR THAKUR

CA RAKESH KUMAR THAKUR (Expert)
Follow

26 November 2015 Now you can apply to CBDT they MAY grant refund...i suggest you consult with expert...

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now