Turnover and expense mistake in ITR

This query is : Resolved

Guest

Guest (Querist)

03 April 2023 Filed a client's ITR with income and expense of his sister concern by mistake? Revision time has elapsed. Matter is genuine and could be proved with evidence. What would be the assessing authorities normal stand on this if accounts are summoned in case?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 April 2023 Turnover and profit difference higher or lower.

Guest

Guest (Querist)

03 April 2023 It is a case of loss. Expense more than receipts. Hence sister concerns(partnership )IT was not filed. But that turnover got into his propreitorial IT return by mistake.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 April 2023 Give actual turnover and turnover reported.
Profit reported and actual.
If it's not significant no need to worry.

Guest

Guest (Querist)

03 April 2023 Thank you sir. Forward successfully.