TMI Blog2023 (1) TMI 1210X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d income of Rs.33,52,380/- and the same was processed u/s 143(1) of the I.T. Act 1961 on 20-07-2014. The assessee submitted an application dated 08-07-2017, requested to allow the loss on depreciation on building which was claimed in the ITR and to make rectification u/s 154 to reduce the demand of Rs.1,56,972/- raised on processing of ITR u/s 143(1) dated 20-07-2014. I have carefully considered the submission of the assessee and found that the loss claim in the ITR for the A.Y. 2013-14 has already been taken into account. The interest calculated by the system and pre-paid taxes as claimed by the assessee in the return has been taken into account correctly. There is no defect in the demand raised on processing of ITR. Hence, the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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