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Section61
The Finance Act, 1992

Amendment of section 154

In force Act 18 of 1992 As on 07 Oct 2026

Act 18 of 1992 Ministry Finance Cited by 1 provision

Section 61 of the Finance Act, 1992 deals with amendment of section 154. Amendment of section 154. 61. In section 154 of the Income-tax Act, in sub-section (2), in clause (b), the following proviso shall be inserted at the end, namely: — "Provided that the Assessing Officer shall make an amendment for rectifying any mistake, which has been brought to his notice by the as

Amendment of section 154.

61. In section 154 of the Income-tax Act, in sub-section (2), in clause (b), the following proviso shall be inserted at the end, namely: —

"Provided that the Assessing Officer shall make an amendment for rectifying any mistake, which has been brought to his notice by the assessee in relation to an intimation referred to in clause (b) of sub-section (1), within a period of three months from the end of the month in which it is so brought to his notice and if no such amendment is made within the said period of three months, the assessee may appeal to the Deputy Commissioner (Appeals) or, as the case may be, Commissioner (Appeals) against such intimation and the provisions of section 246 and section 249 shall have effect as if the said intimation were an order for the purposes of those sections.".

[Finance Act, 1992]

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Section 61, The Finance Act, 1992 (Act 18 of 1992).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 154 Rectification of mistake

Referred to by 1

  1. s. 1 Short title and commencement

Questions about Section 61

What does Section 61 of the Finance Act deal with?

Section 61 of the Finance Act is headed "Amendment of section 154". Amendment of section 154. 61. In section 154 of the Income-tax Act, in sub-section (2), in clause (b), the following proviso shall be inserted at the end, namely: — "Provided that the Assessing Officer shall make an amendment for rectifying any mistake, which has been brought to his notice by the as

How do I find court cases under Section 61 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1992 61, section 61 Finance Act 1992, section 61 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 61 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 154 (Rectification of mistake), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1992 as Act 18 of 1992. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.