Time limit u/s. 154 for the assessee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2018 Is there any time limit set for the assessee to make an application U/s. 154 for the rectification of mistake?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 February 2018 4 years is the time limit for rectification u/s 154.

Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2018 This time limit is for the AO to pass an Order. Is there any explicit limit for the Assessee to file an application. Except for the interpretation U/s. 154(7) there is nothing in the section setting time limit for the Assessee. Even to assume the time limit to be four years, is there any other remedy especially in cases of refunds where the DDO fails to file e-TDS returns? Any condonation of delay U/s. 119(2B)?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 February 2018 4 years limit is for the assessee to file rectification.codonation of delay available in such a case.