Rectification of mistakes

Rectification of mistakes

1. (1) The assessing authority or the appellate authority may at any time within two years from the date of any order passed by it, on its own motion, rectify any mistake apparent from the record and shall within the aforesaid period rectify any such mistake which has been brought to its notice by the owner: Provided that no such rectification shall be made which has the effect of enhancing the tax or reducing the amount of refund, unless the assessing authority or the appellate authority, as the case may be, has given notice to the owner of its intention to do so and has allowed the owner a reasonable opportunity of being heard.
2. (2) Where any such rectification has the effect of enhancing the tax or reducing the amount of refund, the assessing authority shall recover the tax due from the owner in the manner provided in section 12.
3. (3) Where any such rectification has the effect of reducing the tax or increasing the amount of refund, the assessing authority shall refund any amount due to the owner.