Rectification application u/s 154 of the Income Tax Act
Income tax portal has facilitated with the option of filing rectification application u/s 154 of the Income tax Act.
Tag: sec 154 of IT Act
Snowman Logistics sees massive reduction in tax demand
Snowman Logistics Limited announced a significant reduction in its income tax demand for the assessment year 2018-19. The company received a rectification order from the Income Tax Department, revising the initial demand of ₹16.24 crore to ₹51.93 lakh. This development comes after Snowman Logistics filed an application under section 154 of the Income Tax Act.