Following the prescribed time-limit in passing order under sub-section (8) of section 154 of Income-tax Act, 1961

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..... llowing the prescribed time-limit in passing order under sub-section (8) of section 154 of Income-tax Act, 1961-regd. Sub-section (8) of section 154 of the Income-tax Act, 1961 ('Act') stipulates that where an application for amendment is made by assessee/deductor/collector with a view to rectify any mistake apparent from record, the income-tax authority concerned shall pass an ord .....

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..... 154 of the Act . The supervisory officers should monitor the adherence of prescribed time limit and suitable administrative action may be initiated in cases where failure to adhere to the prescribed time frame is noticed. 3. The contents of this Instruction may be brought to the notice of all for necessary compliance. 4. Hindi version to follow. (Rohit Garg) Deputy Secretary .....

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