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2023 (1) TMI 1210 - AT - Income TaxRectification u/s 154 - disclosures made in the return were wrongly picked up or missed out while the return was processed u/s 143(1) - HELD THAT:- Assessee had filed the Income Tax Return for the year under consideration with assessed income and the same was processed u/s 143(1) of the Act on 20-07-2014. Thereafter, the assessee submitted an application dated 08-09-2017 with a request to allow the loss on depreciation on building which was claimed in the Income Tax Return and to make rectification u/s 154 to reduce the demand raised on processing of Income Tax Return u/s 143(1) dated 20-07-2014. From the material placed on record, it is found that the assessee has not been able to confirm that the disclosures made in the return were wrongly picked up or missed out while the return was processed u/s 143(1). The AO had only denied the relief in the absence of any such clear cut evidence and the ld. AR has also failed to point out as to what was the mistake committed by the Revenue Authority while processing the return u/s 143(1) of the Act. It is an admitted fact that the assessee had not filed any appeal against the relief denied to the assessee but at the same time the assessee could not point out the mistake committed by the Revenue Authority. In this situation, the Bench does not find any merit in the appeal of the assessee which is dismissed.
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