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M/s. Bali Trading Pvt. Ltd. Versus The Principal Commissioner of Income Tax, The Income Tax Officer

2017 (11) TMI 583 - MADRAS HIGH COURT

Review petition - existence of keying error - counsel for the applicant has contended that the financial statements of the applicant have been signed by the auditor, which will clearly show that major portion of the applicant's income was from property and that there was no business income and this was the keying error - Held that:- This Court is of the considered view that the grounds raised by the applicant are, in fact, grounds, which were canvassed before this Court while arguing the said wr .....

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d reasons, this Court finds no grounds to entertain this review. Accordingly, the above review application is dismissed. - Review Application No. 678 of 2017 - Dated:- 3-11-2017 - T. S. Sivagnanam, J. For the Applicant : Mr. G. Baskar For the Respondents : Mrs. Hema Muralikrishnan ORDER Heard both. 2. This review application has been filed to review the order passed by this Court dated 04.9.2017 made in W.P.No.10599 of 2017. 3. The said writ petition was filed by the applicant herein challenging .....

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was a keying mistake while filing the revised return as allowed under Section 139(4) of the said Act, as there is no jurisdiction for him to accept the plea raised by the assessee in the absence of any revised return, which could have been filed by the assessee. 4. Though two avenues were open to the applicant as against the said assessment order, namely by filing an appeal before the Appellate Authority or by way of a revision before the first respondent, the assessee chose to file a revision. .....

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earned counsel for the applicant has contended that the financial statements of the applicant have been signed by the auditor, which will clearly show that major portion of the applicant's income was from property and that there was no business income and this was the keying error. However, this came to the light of the assessee only when the applicant's assessment for the relevant year was taken up for scrutiny under Section 143(3) of the said Act and the plea raised by the applicant wa .....

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