26 February 2009
If there is any mistake in the records of the income tax authority in the files of an assessee it can be either suo motto by the assessing officer or on application by the assessee can be rectified u/s 154. There is no form for the rectification application and no fee is to be payable to the Govt. The time limit to submit an application is 4 years from the end of the financial year in which the order sought to be amended was passed.
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