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SECTION:245D(6B)-RECTIFICATION OF MISTAKE APPARENT FROM RECORD - Income Tax - Ready Reckoner - Income TaxExtract RECTIFICATION OF MISTAKE APPARENT FROM RECORD SECTION: 245D(6B) The Settlement Commission may, with a view to rectifying any mistake apparent from the record, amend any order passed by it - at any time within a period of six months from the end of the month in which the order was passed or at any time within the period of six months from the end of the month in which an application for rectification has been made by the Principal Commissioner or the Commissioner or the applicant, as the case may be Provided that no application for rectification shall be made by the Principal Commissioner or the Commissioner or the applicant after the expiry of six months from the end of the month in which an order under sub-section (4) is passed by the Settlement Commission Provided further that an amendment which has the effect of modifying the liability of the applicant shall not be made under this sub-section unless the Settlement Commission has given notice to the applicant and the Principal Commissioner or Commissioner of its intention to do so and has allowed the applicant and the Principal Commissioner or Commissioner an opportunity of being heard. If the settlement becomes void since it was obtained by fraud or misrepresentation of facts, the Income tax proceedings in respect of Assessment Years covered by settlement shall be deemed to have been revived from the date of the application for settlement. Notwithstanding anything contained in Income-tax Act the Income-tax authority can complete such proceedings at any time before the expiry of 2 years from the end of the Financial Year in which the settlement became void.
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