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2025 (4) TMI 1497 - SCH - Income TaxRectification of mistake - penalty notice passed u/s 221(1) imposing penalty on account of filing wrong return - As decided by HC 2024 (9) TMI 28 - PUNJAB AND HARYANA HIGH COURT petitioner was having full knowledge of having filed return in the wrong format. More so as he had also filed return for the AY 2014-15 in the ITR Form 7 which was later on revised by him and ITR was filed under Form No.5 subsequently. Once he has himself corrected his ITR for the subsequent AY 2014-15 there was no occasion for the petitioner not to correct his ITR for AY 2013-14. Be that as it may the petitioner has remedy in terms of Section 154 of the Act as above for seeking necessary rectifications HELD THAT - Having heard parties and having gone through the materials on record and more particularly the High Court having reserved the liberty for the petitioner to move an application for rectification u/s 154 of the Act we find no good reason to interfere with the impugned order. If any application is preferred by the petitioner in terms of Section 154 of the Act the same shall be decided at the earliest in accordance with law.
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