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Income Tax - Highlights / Catch Notes

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Rectification petition u/s 154 - Merely because assessee has ...


Taxpayer's Rectification Petition u/s 154 Accepted; Error in Tax Return Figures Corrected for Accuracy.

May 29, 2020

Case Laws     Income Tax     AT

Rectification petition u/s 154 - Merely because assessee has inserted some figures, which are not in coherence with the other figures in the income tax return, there is a mistake apparent from the record, which needs to be rectified. Thus, the lower authorities are not justified in rejecting the application under section 154.

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