Santishkumar 15 May 2020

Regarding recovery made by ito

If once recovery following reassessment is made ,can after 6 years , other ITO charge interest mentioning that less interest was calculated by previous ITO?Is there no limitation period?

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This discussion concerns whether an Income Tax Officer (ITO) can levy interest charges six years after a recovery has been made following a reassessment. The user is questioning if there's a statute of limitations for such actions, as they believe the period is only 120 days. They are seeking clarification on relevant legal sections that might govern this situation.