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2013 (12) TMI 358 - ITAT MUMBAIAssessment of incme u/s 143(1) – While filing the e-return, the assessee has shown interest received as income under the head "Income from other sources" at Rs.3,38,345 and at the same time under the very same head has shown interest paid as Rs. -2,33,535 – During processing of return the negative figure was ignored and the income was assessed at Rs. 3,38,345 - Held that:- The assessee was not aware of the fact that negative figure is not accepted by the server – The department cannot benefit from the ignorance of the taxpayers using the latest technology - This is not ignorance of law but ignorance of the usage of the latest technology - In the interest of justice and fair play to the taxpayer – This issue is restored back to the files of the Assessing Officer.
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