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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Credit for advance tax and STT paid – The mistake, if any, was ...


Section 154 Cannot Fix Taxpayer Errors in Income Tax Returns; Advance Tax and STT Credit Issues Remain.

December 2, 2013

Case Laws     Income Tax     AT

Credit for advance tax and STT paid – The mistake, if any, was in the return of income filed by the assessee. Section 154 cannot be utilized for rectifying the assessee's mistake in filling of the return - AT

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