Sectio 154 rectification sought by assessee time limit
vinaykala
(Querist) 24 December 2012
This query is : Open
dear sir,
i filed a rectoification of mistake application apparent from records under sec 154 on May 26, 2012.
the application for redtification was received aat theeir dept on 26 May 20120.
i learn from the ready reckoner that under section 154(8) the ito shall make the amendment or refuse to allow the amendment within a period of six months frrom the end of the month the app is recd.
six months ended on nov 30,2012.
at the same time the it act allows the i t authorities also empower the ito to dispose it off even after four years under sec 154(7) .
my queries is :
1. after the expiry to six months from the end of the month since the application is made, can the i. tax officer still deny the claim?.
2. if so what is the best course of option for me
vinay kala,
dec 24,12
