Re: Rectification u/s154 after appeal filed
The assessment order was passed u/s 143(3). Appeal was filed with the CIT (A) before time limit. The appeal is pending as on 31.1. specified date. In between the filing of appeal and the specified date, the AO has enhanced the tax liability and passed order u/s154 rectifying the Assessment order. Enhancement pertains to addition u/s 68 on which max tax liability applied by rectifying the order by the AO. Kindly assist as to details to be filled in columns pertaining to the Disputed Tax figures in schedule A & mentioning section under which order passed in part B
As we understand , after passing of the assessment order u/143(3), the AO has passed a separate order u/s 154 against which a separate appeal must have been field . If the assesssee is settling the first appeal the assesssee may have to mention u/s 143(3) .If the appeal is to be settled for both the appeals then the section has to be mentioned , 143(3) ,rws 154 of the Act .
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