Amended and updated notes on section 224 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Validity of certificate and cancellation or amendment thereof.
Chapter XVII (Sections 190 to 234G) of the Income Tax Act 1961 deals with the provisions related to collection and recovery of tax. Section 224 of IT Act 1961 provides for Validity of certificate and cancellation or amendment thereof.
Recently, we have discussed in detail section 223 (Tax Recovery Officer by whom recovery is to be effected) of IT Act 1961. Today, we learn the provisions of section 224 of Income-tax Act 1961. The amended provision of section 224 is effective for financial year 2020-21 relevant to the assessment year 2021-22.
In this article, you will learn detail of the provisions of section 224 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.
Section-224: Validity of certificate and cancellation or amendment thereof
It shall not be open to the assessee to dispute the correctness of any certificate drawn up by the Tax Recovery Officer on any ground whatsoever, but it shall be lawful for the Tax Recovery Officer to cancel the certificate if, for any reason, he thinks it necessary so to do, or to correct any clerical or arithmetical mistake therein.