Amendment of section 154.

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..... ection (1) of section 200A. ; (b) in sub-section (2), in clause (b), for the words by the assessee , the words by the assesse or by the deductor, shall be substituted; (c) in sub-section (3), for the words the assessee , wherever they occur, the words the assesse or the deductor shall respectively be substituted; (d) for sub-section (5), the .....

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..... eks to amend section 154 of the Income-tax Act relating to rectification of mistake. It is proposed to insert a new clause (c) in sub-section (1) of the aforesaid section so as to provide that an income-tax authority may amend any intimation issued under sub-section (1) of section 200A. It is further proposed to amend sub-section (2) of the aforesaid section so as to substitute the words b .....

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..... e due to such assessee or the deductor. It is further proposed to amend sub-section (6) of the aforesaid section so as to provide that where any amendment has the effect of enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee or the deductor, the Assessing Officer shall serve on the assessee or the deductor, as the case may be, a notic .....

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