Scope of Order for Rectification u/s 154 of the Income Tax Act

CA, CPA (USA) Shikhar Garg , Last updated: 13 January 2022  
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This section is a neutral provision, neither revenue friendly unlike section 263 nor assessee friendly unlike section 264 of the Act. But it has limited application, since it is bound by the wording of Mistake apparent from records Only those order which are passed by Income tax authority u/s 116

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CA, CPA (USA) Shikhar Garg
(CA practice )
Category Income Tax   Report

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