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2023 (8) TMI 1112 - AT - Income TaxRectification application u/s 154 - period of limitation - assessee has wrongly filled one income at two different places - AR submitted that the assessee while filing Income-tax return, speculative income has been entered at two different columns and while processing the return this has been considered twice by the CPC - HELD THAT:- The assessee itself accepted that it was a mistake on their part then it will also come u/s 154 of the Act for rectifying the mistake as per records. CIT(A) has dismissed the appeal of the assessee by observing that the rectification application filed by the assessee is time barred, this view is also not correct. The assessee filed rectification applications first, second and third time within the time. The Hon’ble Supreme Court interpreted the word ‘order’ sought to be amended used in Sec. 154(7) as relied by the ld.AR in his return submission at para No.7.4. Therefore, considering the judgment of Hindwire Industries (1995 (1) TMI 2 - SUPREME COURT] the assessee filed rectification application within the time, to which the AO ought to have considered. In view of this, we hold that the rectification application field by the assessee is well in time and it is a mistake apparent on record which should have been rectified by the Revenue Officer on the request made by the assessee .Appeal of the assessee is allowed and the AO is directed to compute the correct income as per law.
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