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One of the key sources of dispute is the existing arrangement for follow up on audit objections by Internal Audit Party and the Revenue Audit Party.
In terms of the existing arrangement, the AO is required to take corrective steps following audit objections.
The corrective measures take the form of rectification or reassessment (by reopening the case under section 147 or revision by the Principal Commissioner or Commissioner under section 263).
In the case of rectification, these are general in the nature of correction for arithmetical errors and other mistakes which are apparent from the record.
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