Rectification of mistakes

Any authority may, either on its own motion or on an application, rectify any mistake apparent from the record in any order passed by it, within the prescribed period. No such rectification which has the effect of enhancing the tax or reducing the amount of refund shall be made unless the person concerned has been given a reasonable opportunity of being heard. Where the ownership of the profession, trade, calling or employment of an assessee liable to pay tax is transferred, any tax, penalty or interest or other amount payable under this Act, in respect of such business and remaining unpaid at the time of the transfer, may without prejudice to any action that may be taken for its recovery from the transferor, be recoverable from the transferee as if he were the assessee liable to pay such tax, penalty or interest or other amount.