Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (8) TMI 135 - AT - Income TaxRectification u/s 154 - assessee claimed this income of exemption on the basis of ‘mutuality’ whereas CPC, Bengaluru has taxed it on the maximum marginal rate - Income wrongly taxed under section 167A rather assessee is an AOP and working and working on the different ‘mutuality’ - HELD THAT:- CPC, Bengaluru assessed the same income, which has been declared by the assessee in its return of income, only the CPC, Bengaluru taxed the assessee at maximum marginal rate under section 167A. Before us Ld. Sr. DR for the Revenue raised objection that similar treatments were made in three cases of assessee, which has been accepted by the assessee. Considering the fact that the CPC, Bengaluru has accepted / assessed the same income as has been offered by the assessee though under section 167A of the Act. Therefore, we concur with the findings of Ld. CIT(A) that there is no mistake which can be classified as ‘mistake’ apparent from the record. Appeal of the assessee is dismissed.
|