alleryStart learning →On a mistake the assessee reports under section 154:
AThe authority may ignore it
BThe authority shall amend it
COnly the Board can amend it
DIt goes to the Tribunal first
Answer & Solution
Correct answer: B. The authority shall amend it
Section 154(2)(b) makes it mandatory, not optional, to amend a mistake brought to the authority's notice by the assessee.
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