alleryStart learning →After an assessment-reducing amendment, the officer must:
AIssue a notice of demand
BMake any refund that is due
CStart penalty proceedings
DRefer it to the Commissioner
Answer & Solution
Correct answer: B. Make any refund that is due
Where the amendment reduces the assessment, the Assessing Officer must refund any amount that becomes due.
Keep practising Appeals, Revision and Dispute Resolution
Browse all Appeals, Revision and Dispute Resolution questions for CA Final, or explore more Taxation topics.
Related questions
What is an advance ruling?Section 147 relates to assessment of which kind of income?An assessment under section 144 is known as what kind of assessment?An appeal lies to which court from a High Court judgment in an income-tax matter?A section 154 or 155 order is appealable when it:An order treating a person as agent of a non-resident is made under which section?A notice of demand after an enhancing section 154 amendment is deemed issued under which sOn a mistake the assessee reports under section 154: