The time limit for passing an order for rectification of mistakes u/s 154 of Income Tax Act, 1961 is a period of ............ from the end of financial year in which the order sought to be amended was passed.

CS Executive · Tax Laws and Practice · PYQS · December 2021
The time limit for passing an order for rectification of mistakes u/s 154 of Income Tax Act, 1961 is a period of ............ from the end of financial year in which the order sought to be amended was passed.
(A) 1 year
(B) 2 years
(C) 3 years
(D) 4 years

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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