Mistake apparent from record
Finance Bill 2016 proposed to amend Section 254(2) to provide that the Appellate Tribunal may rectify any mistake apparent from record in its order at any time within 6 months (before Finance Bill 2016 this period was 4 years ) from the end of month in which order was passed
Amendment in Section 254 the Income-tax Act will be applicabke with effect from the 1st day of June, 2016,.