The income tax department has updated its portal allowing taxpayers to submit the rectification applications of assessment orders furnished via AO u/s 154 of the Income Tax Act, 1961, with their Assessing Officer (AO) online.
At present the income tax portal owns the provisions to ask for the rectification of past orders via CPC and CIT(A). Through the execution of the rectification online the assessment order issued via the Assessing Officer will assist the taxpayers and shall avert in providing the rectification requests manually or raising a grievance. But the same will lessen all those unwanted measures.
Section 154 of the Income Tax Act permits taxpayers to request the correction of errors stated in the records of their income tax orders. Such errors might comprise clerical mistakes, calculation errors, or other discrepancies that require correction. Earlier the rectification process comprised various steps and manual interactions directing to the delays and inefficiencies.
Now the taxpayers can submit the rectification requests to their AO via the income tax portal. The taxpayers via introducing the update can ask the Assessing Officer(AO) to correct the mistakes or errors in the assessment order at the first phase itself online.
In a post, CA Himank Singala on his X account described the new functionality as a “much-needed update”.
