Re: Rectification not pending as on 31st January, 2020

As per FAQ 25, if any rectification is pending before AO as on 31st January, 2020 then the same will be given effect while calculating disputed tax. In a case where there is some apparent mistake, however, rectification for the same was not pending as on 31st January, 2020 will the error be corrected? Will filing of rectification now help assessees?

 Ans to FAQ. 25 reads as under ,  “ The rectification order passed by the AO may have an impact on detennination of disputed tax, if there is reduction or increase in the income and tax liability of the assessee as a result of rectification. The disputed tax in such cases would be calculated after giving effect to the rectification order passed, if any.” 

One may make an  application even today and the AO may be requested to rectify the order before the application is filed under the Scheme .  Rectification need not be pending as on 31 -1 -2020 , the appeal must be pending . On the facts the appeal was pending hence the disputed has to be computed after considering the rectification order.

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