BENGALURU: In a move that can improve the speed and accuracy of income-tax processing, the Central Board of Direct Taxes (CBDT) has authorised the Commissioner of Income-Tax at the Centralised Processing Centre (CPC), Bengaluru, to rectify errors and issue demand notices under the Income-Tax Act.
With the new directive, CBDT has authorised the CPC in Bengaluru to exercise concurrent powers under Sections 120(1) and 120(2) of the Income-Tax Act, 1961, ensuring quicker resolution of taxpayer grievances arising from computation errors or refund mismatches.
According to a recent notification issued by the Ministry of Finance, the Commissioner of Income-Tax, CPC, Bengaluru, now has the authority to issue demand notices under Section 156 of the Act and correct errors found in records under Section 154.