Direct tax

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vineet jain

vineet jain (Querist)
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24 February 2014 when will AO perform suomoto 154?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 February 2014 AO will suo-moto make rectification u/s 154 when he observes any mistake apparent from mistake in the order passed by him.

However, if the rectification is prejudicial to the assessee, then he has to give an opportunity of being heard to the assessee.