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Q.1
Taxation Law Medium Act + Section Given
Bare Act Income Tax Act, 1961 · Section 154

Section 154 under IT Act is:

A For filing return of Income
B For filing return with late fee
✓ Rectification of mistakes Answer
D Appeal against the order passed by the ITO
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Explanation & Strategy

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Section 154 of the Income Tax Act deals with rectification of mistakes — any error apparent from the record in an order by the Assessing Officer can be corrected. This is an administrative remedy before filing a formal appeal.

  1. 1 Look up the referenced provision in Income Tax Act, 1961 to verify the answer.
At a Glance
Subject Taxation Law
Difficulty Medium
Act Income Tax Act, 1961
Section Section 154
Answer (C) Act + Section Given
Paper AIBE XI — December 2017
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📖 Open Book — Reading Mode Income Tax Act, 1961