Mr. Chauhan furnished his return of income for the FY 2023-24, on 23/07/2024 declaring a total income of 16 lakhs. The Assessing Officer passed an…

(ii) Yes, a rectification order made under section 154 having the effect of enhancing the assessment or reducing the loss is a specified order in terms of section 245MA subject to the fulfillment of certain conditions. Yes, the following monetary limits are prescribed for specified order. (i) the aggregate sum of variations proposed or made in such order should not exceed 10lakhs; and (ii) the return has been furnished by the assessee for the assessment year relevant to such order and the total income as per such return should not exceed 50lakhs. Yes, Mr. Chauhan's case falls within the monetary limit criteria since the variation of 3lakhs in the order under section 154 does not exceed 10lakhs; and the total income as per return of income does not exceed 50lakhs. Thus, Mr. Chauhan is eligible to file an application before the Dispute Resolution Committee to get the issue resolved.